Mortgage Servicers, Foreclosure

What’s at the Bottom of the ‘Robosigning’ Scandal?

by Jeff Ifrah on 4/9/2013

The problematic practice of robosigning – whereby banks and other lenders improperly foreclosed on properties through formulaically processing foreclosure documents – has been much in the news over the past couple of years....more

Mortgage-Related Litigation Declined in Q4, But Remains at Historic Levels

by Christopher J. Willis | Ballard Spahr LLP on 4/5/2013

Mortgage Daily's Fourth Quarter 2012 Litigation Index indicates that while litigation activity in the mortgage industry has been declining, there are signs that it could remain above historic levels as foreclosure, investor,...more

Democratic Lawmakers Push Regulators For Independent Foreclosure Review Details

by BuckleySandler LLP on 4/3/2013

On March 25, Senator Elizabeth Warren (D-MA) and Representative Elijah Cummings (D-MD) sent a letter to Federal Reserve Chairman Ben Bernanke and Comptroller of the Currency Thomas Curry challenging the regulators’ response...more

Report Blames Servicers For California Foreclosure Problems

by BuckleySandler LLP on 3/26/2013

Recently, a collection of community advocacy organizations released a report that attacks mortgage servicers for their handling of foreclosures in California. The report argues that foreclosures decrease the value of the...more

Freddie Mac Issues Numerous Loss Mitigation Policy Updates

by BuckleySandler LLP on 2/27/2013

On February 15, Freddie Mac issued Bulletin 2013-3, which provides a series of updates and revisions to its loss mitigation policies. The Bulletin reminds servicers of their obligations with regard to various transfers of...more

DocX Shutdown Part of $35M ‘Robosigning’ Fraud Settlement

by Michele Bowman | Lawyers.com on 2/22/2013

The Department of Justice on Feb. 15 announced a $35 million settlement with Lender Processing Services (LPS) subsidiary DocX, stemming from the so-called “robosigning” scandal of 2010. DocX was in the business of...more

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Mortgage Servicers › Foreclosure