Tag Archives: mortgages

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 helping mortgage servicers file the legal documents required for foreclosures.   Second Settlement, Same Song The settlement follows the government’s allegations that DocX ran a scheme for six years to forge and file more than one million mortgage documents with property recorders around the country. It follows …

  Banks are foreclosing on the homes of widows. Financial institutions are refusing to modify mortgages when husbands have died without listing their surviving wives on the notes. Lawyers.com journalist Ed Alpern shows you how banks have gotten away with these practices and how you can fight losing your home to foreclosure. Director of Foreclosure Prevention Litigation at Legal Services NYC Jacob Inwald emphasizes banks are under a legal obligation to attempt to avoid foreclosures and to promote loan modifications. …

As anyone who’s ever dealt with a mortgage – not to mention a foreclosure – knows, getting a straight story from mortgage servicers, the companies that handle loan modifications and foreclosures, can be next to impossible. The Consumer Financial Protection Bureau (CFPB) is trying to help: On Jan. 17, the federal agency released final rules that aim to better protect consumers from detrimental actions by such companies and require them to give homeowners facing foreclosure more and better information.   …