Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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Michigan Attorney General office opens CRIMINAL investigation of LPS (and two others)
The Michigan Attorney Generals office issued subpoenas as part of a CRIMINAL investigation into questionable mortgage documentation filed with Michigan’s Register of Deeds offices. Michigan Attorney General Bill Schuette said his office served Lender Processing Systems(LPS), Fidelity National Financial, and CT Corporation System. Additional investigative subpoenas were issued to LPS owned company - DocX. The subpoenas were approved by the state court and require responses by June 30.

The attorney general said he is seeking information about documents signed by DocX employees both male and female FRAUDulently signing as “Linda Green.” “Allegations of forged mortgage documents are very serious and require a thorough investigation, I will continue to work closely with federal and local authorities to find answers."

see story/links to MICHIGAN AG investigation below:
http://ohiofraudclosure.blogspot.com/


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Foley
Great another investigation. I'm sorry but where is the homeowner relief in ANY STATE?
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FOLEY - you have hit the nail squarely on the head. All these announced investigations and charges (like the now tired 50 state AG inquiry headed by Tom Miller) usually end up with .....The SETTLEMENT
You know - admit no wrongdoing and put some small $$ money in some state fund and then move on. Here in OHIO ....we don't even want to give them a slap on the wrist.... We just want some sweet talk and a promise that the offending party....will do better! and maybe even...... monitor themselves!!!!

Look at the joke of a settlement that the OHIO AG office extracted from Carrington. 

“Ohio consumers benefit from mortgage servicers that work proactively to avoid foreclosures,” said David Goodman, director of the Ohio Department of Commerce. “This settlement will allow Ohio homeowners to benefit from higher standards of customer service and responsiveness.” (you have to admit...that is some tough language!!)

Goodman added, “The benefits of this agreement multiply. Working with homeowners to modify loans instead of foreclosure is a value to the neighborhood and beyond. Empty, unattended homes are not good for a community.”

Carrington also agreed to provide loan modifications or other relief to 60 Ohio homeowners (WOW!) who obtained their loans from a non-Carrington Mortgage Services lender, the servicing rights for which Carrington Mortgage Services acquired in 2007.

The Voluntary Compliance agreement ended the litigation that the Ohio Attorney General’s Office and the Ohio Department of Commerce filed against Carrington Mortgage Services in Franklin County nearly two years ago. Carrington Mortgage Services admits to no wrongdoing or liability as part of the AVC.

The really sad - press release here....

 http://www.dsnews.com/articles/carrington-settlement-with-ohio-ag-to-benefit-distressed-homeowners-2011-05-26
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