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GMAC Apologizes for Actions of Robo-Signer
The following is taken from an announcement by GMAC Mortgage in refernce to their recent troubles with suspending foreclosure actions in 23 states: As a loan servicer, GMAC Mortgage strives to preserve...
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New York City Comptroller Calls for Audit of Foreclosure Practices of Top...
New York City Comptroller John C. Liu, on behalf of the trustees of the New York City Pension Funds, is calling on directors at Bank of America Corporation, Wells Fargo & Company, JPMorgan Chase...
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Massachusetts Man Sentenced as Mastermind of Mortgage Fraud Ring
An Oxford, Mass. man has been sentenced to Massachusetts State Prison after pleading guilty in Worcester Superior Court for his role in a complex scheme in which fraudulent documents were used to...
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Virginia Woman Pleads Guilty in Foreclosure Rescue Scam
Shanita Lacy of Chesapeake, Va. has pleaded guilty in a Norfolk, Va. federal court to conspiring to commit mail and wire fraud in connection with a scheme to fraudulently obtain home mortgages. Neil H....
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Ohio AG Cordray Urges Courts to Take Action in Foreclosure Cases
In a letter sent today to Ohio judges, State Attorney General Richard Cordray has requested that the state courts continue to pay close attention to foreclosure cases that may have affidavits signed by...
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Trepp Reports CMBS Delinquency Rate Declines in March
Trepp LLC, a provider of commercial mortgage-backed securities (CMBS) and commercial mortgage information, analytics and technology to the global securities and investment management industry, has...
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Ohio AG DeWine Takes Aim at Cleveland-Based Loan Mod Firm
Ohio Attorney General Mike DeWine has announced his office has filed a lawsuit against The Modification Group LLC (TMG), a Cleveland business that offered to help homeowners avoid foreclosure in...
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Ohio AG DeWine Announces Foreclosure Rescue Actions
A federal grand jury has indicted Adam Moellers; Gary Dailey, a.k.a Gary Klump; Perry Bensick Jr.; and Gary Dailey's mother, Mary Dailey, for ruinning a Cincinnati real estate business known as...
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StreetLinks Launches USPAP-Compliant Liquidation Valuation Report for Servicers
StreetLinks Lender Solutions has announced the launch of their new USPAP-compliant product StreetLinks LVR, a liquidation valuation report for mortgage servicers and asset management firms. LVRs will...
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Canadian Man Collects $1 Million-Plus From More Than 800 Distressed Homeowners
The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) and United States Attorney for the Central District of California André Birotte Jr.Click to continue
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Nearly 25 Percent of Q2 Nationwide Home Sales Were Foreclosures
RealtyTrac has released its Q2 2012 U.S. Foreclosure Sales Report, which shows that sales of homes that were in some stage of foreclosure, or real estate-owned (REO) or bank-owned accounted for 23...
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Foreclosure Filings See 15 Percent Year-Over-Year Drop in August
RealtyTrac has released its U.S. Foreclosure Market Report for August 2012, which shows foreclosure filings—default notices, scheduled auctions and bank repossessions—were reported on 193,508 U.S....
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Foreclosures Drop 17.8 Percent Year-Over-Year in January
CoreLogic has released its National Foreclosure Report, which provides data on completed U.S. foreclosures and the overall foreclosure inventory, and in January 2013, there were 61,000 completed...
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LPS: U.S. Loan Delinquency Rate Hits 7.03 Percent in January
Lender Processing Services Inc. (LPS) has reported the following "first look" at January 2013 month-end mortgage performance statistics derived from its loan-level database representing approximately...
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Check's In the Mail: Four Million-Plus Borrowers to Receive Servicing...
Payments to 4.2 million borrowers are scheduled to begin on April 12 following an agreement reached by the Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board with 13 mortgage...
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