Robo-Signing

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 Banking Update - March 21, 2013

by Richard J. Andreano, Jr., Stefanie Jackman, Bruce Johnson, Anthony Kaye, Barbara S. Mishkin, Allison Mollenhauer, Amy Mushahwar, Burt M. Rublin, Trevor Salter, Matthew Saunig, more +John D. Socknat, Mercedes Kelley Tunstall, Abran Vigil, Michael S. Waldron, Shane Jasmine Young | Ballard Spahr LLP on 3/21/2013

In This Issue: - Uniform State Test Implementation Nearing - Mortgage Servicer's Alleged Failure To Be Licensed Subjects Company to Claims under State and Federal Debt Collection Statutes - Sixth Circuit...more

Taking The Easy Way Out Again: Recent OCC/Big Banks Settlement

by Ruben Fogel, Robert Siegel | Bilzin Sumberg Mortgage Repurchase Group on 3/20/2013

Any follower of this blog or the mortgage crisis at large will — sadly — not be surprised by the seemingly never-ending news of foreclosure misdeeds by the nation’s biggest banks. Recent news reveals a particularly...more

Sixth Circuit Rejects Nationwide Settlement of Robo-Signing Class Actions

by Martin Bryce, Jr., Alan S. Kaplinsky, Christopher J. Willis | Ballard Spahr LLP on 3/12/2013

A nationwide settlement of three class actions involving claims that a creditor’s practice of using “robo-signed” affidavits in debt collection actions violated the Fair Debt Collection Practices Act (FDCPA) has been...more

Lenders Must Comply with New Foreclosure Requirements in Illinois Courts

by Christopher W. Carmichael, Francis L. Keldermans | Holland & Knight LLP on 3/8/2013

Mortgage lenders in Illinois are required to use the judicial process to obtain collateral and enter deficiency judgments against borrowers. In February 2013, Illinois crafted two new rules adding additional requirements to...more

Disproportionately Favoring the Named Plaintiffs Kills Settlement, Says Sixth Circuit

by Sam Camardo | BakerHostetler on 3/5/2013

The Sixth Circuit recently limited defendants’ ability to craft settlements that disproportionately favor the class representatives. Vassalle v. Midland Funding LLC, — F.3d –, 2013 WL 673517 (6th Cir. Feb. 26, 2013). Though...more

Illinois Supreme Court Issues New Procedural Rules for Foreclosures

by William Dorsey, Timothy Patenode | Katten Muchin Rosenman LLP on 3/1/2013

On February 22, 2013, the Illinois Supreme Court adopted a set of new procedural rules that will impact both residential and commercial foreclosures in Illinois. The new rules are scheduled to go into effect as early as March...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

State AGs Announce Multistate Robo-Signing Settlement

by BuckleySandler LLP on 2/8/2013

On January 31, the state attorneys general (AGs) for 45 states obtained an agreement from a mortgage servicing and foreclosure vendor, and its former subsidiary, to resolve allegations that the company “robo-signed”...more

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - February 1, 2013

by BuckleySandler LLP on 2/8/2013

In This Issue: - FEDERAL ISSUES - STATE ISSUES - COURTS - FIRM NEWS - FIRM PUBLICATIONS - MORTGAGES - BANKING - CONSUMER FINANCE - SECURITIES - CREDIT CARDS - E-COMMERCE - PRIVACY/DATA SECURITY -...more

Florida Gets $8.6 Million in New $120 Million National Robo-Signing Settlement with Lender Processing Services

by Rosa Eckstein Schechter on 2/4/2013

This morning, Florida's Attorney General Pam Bondi announced that Florida - along with another 45 state Attorneys General have made a bargain with Lender Processing Services, Inc. (LPS) which ends the investigations in...more

Ringing in the New Year in 2013: California’s Homeowner’s Bill of Rights Law Takes Effect

by Yesenia Garcia Perez | Foley & Lardner LLP on 1/4/2013

Dubbed as the “Homeowner’s Bill of Rights,” on July 11, 2012, California Governor Jerry Brown signed into law AB 278/SB 900 marking the first U.S. state to adopt into law the residential mortgage foreclosure reform principles...more

Program Director and Therapist Convicted In $205M Mental Healthcare Fraud

by Ari H. Gerstin | Akerman Senterfitt on 11/30/2012

Just over two years after the raid on the Miami headquarters of mental healthcare chain American Therapeutic Corporation (American Therapeutic), a former program director and therapist in the Ft. Lauderdale office of the...more

Complete Foreclosures Plunge 68%, But Foreclosure Inventory Remains Stable

by Isaac Benergui on 11/15/2012

The law offices of Isaac Benmergui can help you with your legal real estate needs; call 780-800-2510 or email Isaac@benmerguilaw.com for more information or to set up an appointment today....more

One or more of the assignments in the chain of title for my mortgage was signed by a “known robo-signer.” Can I challenge a...

by George Bourguignon on 11/2/2012

If you are facing foreclosure and plan to defend against it in litigation, or have relied on sources stating a "robo-signer" was involved in the chain of title of your mortgage, or if you want to raise any other type of...more

Wrongful Foreclosure - A Guide to Foreclosure Fraud

by Lawrence Tolchinsky on 12/1/2011

This foreclosure e-book is a complimentary publication offered by our law firm to homeowners to explain what has happened in the housing market over the last several years. We have compiled most of the information from our...more

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