Archives by Tag ' LPS '
Anyone who knows about foreclosure litigation and securitization of residential debt knows that the only way the banks could succeed is if they had a central repository and central command center from which all documents were fabricated and all instructions were issued. For nearly all loans the central command was Lender Processing Systems, aided by […]
References to sales of loans and servicing rights are usually merely false assertions to distract homeowners and lawyers from looking at what is really happened. By accepting the premise that the loan was sold you are accepting that the loan was (a) real and (b) owned by the party who was designated to appear as […]
How Black Knight LPS and LoanSphere Control Mortgage Data—and Why Errors Matter Black Knight LPS and its LoanSphere platform sit quietly behind the scenes of millions of mortgage accounts, yet few homeowners understand how much control these systems have over loan boarding, invoicing, and servicing decisions. When a loan is transferred, modified, or pushed toward […]
It’s only when you do the work — burrowing into all the data that the truth emerges. From many prior cases it has been obvious that the “boarding process” was a ruse. It was cover for the real parties who were manipulating data to suit their own needs contrary to their duties to the alleged […]
The fine, assessed by the Federal Reserve Board, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency, satisfies a provision of a previous consent order against Lender Processing Services. The fine will be paid to the U.S. Treasury. The problem here is obvious: How can the FED, FDIC, and OCC […]
Fine related to 2011’s industry-wide foreclosure settlement January 24, 2017 Ben Lane ServiceLink fined $65 million for LPS foreclosure deficiencies In 2011, Lender Processing Services was part of a massive settlement with the government over industry-wide foreclosure misconduct that occurred after the housing crash. That settlement stemmed from document missteps in the third-party foreclosure process […]
Why did the Plaintiff lose in its “standard foreclosure”? The decision on acceleration is essentially this: If the banks do it, it doesn’t count. While Bartram didn’t turn out the way we want, there are two paths that nobody is talking about — logistics and res judicata. Get a consult! 202-838-6345 https://www.vcita.com/v/lendinglies to schedule CONSULT, leave […]
The false pronouncements that the mortgage crisis is over have led many attorneys and homeowners to give up on winning cases. Get a consult! 202-838-6345 https://www.vcita.com/v/lendinglies to schedule CONSULT, leave message or make payments. THIS ARTICLE IS NOT A LEGAL OPINION UPON WHICH YOU CAN RELY IN ANY INDIVIDUAL CASE. HIRE A LAWYER. —————- For […]
What we have here is what I dubbed in 2008 “A holographic image of an empty paper bag.” The farce of securitization continues every day. In the savings and loan crisis of the 1980’s more than 800 bankers were jailed. This time only one person was jailed and she is about to be set free. […]
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