LPS settles with Delaware AG over DocX loan documentation allegations

WASHINGTON – A former executive of Lender Processing Services Inc. (LPS) – a publicly traded company based in Jacksonville, Fla. – pleaded guilty today, admitting her participation in a six-year scheme to prepare and file more than 1 million fraudulently signed and notarized mortgage-related documents with property recorders’ offices throughout the United States.

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Mortgage delinquency rate drops 18.4% annually: LPS Federal Reserve Bank of New York reappoints president Sarah Dahlgren, New York Fed’s Top Bank Supervisor, to Leave – The Federal Reserve Bank of New York. she will assume the role of adviser to William C. Dudley, the president of the New York Fed. “Sarah has been tireless in her service to the bank and she has.Stewart Information Services earnings take a hit Stewart Information Services Corporation (NYSE:STC), a insurance company based in United States, saw a decent share price growth in the teens level on the NYSE over the last few months.. Furthermore, Stewart Information Services’s share price also seems relatively stable compared to the rest of the market, as indicated by its low beta..Pending home sales dropped to 107.7 in August from a downwardly revised 109.4 in July. The U.S. mortgage delinquency rate decreased to 6.2 percent from 6.41 percent in July. And for the week.

WHEREAS, although LPS Default Solutions, Inc., and DocX, LLC, ceased providing document execution services to Examined Servicers in or around February 2010, LPS or subsidiaries of LPS continue to provide certain document execution services to statutory trustees

LPS settles foreclosure charges in Delaware. Jacksonville-based Lender Processing Services Inc. last week announced it has reached a settlement with the Delaware attorney general in a foreclosure-related investigation. The state of Delaware was investigating allegations that LPS subsidiary DocX falsified documents used in foreclosure proceedings.

DN! Ohio AG Sues Ally Financial for Foreclosure Fraud The investigation, which centered around the firm’s loan document execution practices, ended with LPS agreeing to pay the state $150,000 in lieu of penalties and reimburse the Delaware AG’s office.

Between January 1, 2008, and December 31, 2010, LPS subsidiaries, LPS Default Solutions Inc. and DocX LLC were authorized by particular residential mortgage loan servicers to sign or assist with.

Mortgage loan delinquencies increased 7.72 percent from August to September–the largest monthly increase since 2008, according to a report from Lender Processing Services (LPS).

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Lender Processing Services, Inc. (LPS) reached a settlement with Colorado Attorney General John Suthers for $1.8 million over former document execution practices by LPS subsidiaries, DocX, LLC and LPS Default Solutions. About $500,000 will be used to reimburse fees and costs from the attorney general’s office.

LPS Settles DocX Robo-Signing Litigation with 46 States.. filed by the Attorney General of Nevada as the only unresolved issue.. more than 1 million improper mortgage documents. The former.

WASHINGTON, D.C. (Legal Newsline) – A $120 million multi-state settlement was announced Thursday with Lender Processing Services Inc. and its subsidiaries, LPS Default Solutions and DocX.

Baseline Reverse unveils real-time reverse mortgage pricing engine The Florida-based HW Tech100 winner announced today the release of a new pricing engine called SureLock, which offers instant reverse mortgage pricing scenarios using real-time capital markets data.. According to Baseline President Dan Ribler, technology like this is commonplace in forward mortgages but has been sorely lacking in reverse.