One company that was involved in the scandal, Bank Processing Services Inc., agreed in 2013 to pay $35 million in fines to resolve allegations over the company’s involvement in the robo-signing of documents from 2003 to 2009 and one person plead guilty to criminal charges relating to the scandal.
Law Firms Closed, Sanctioned Over Robo-Signing Abuses. According to a preliminary consent agreement with the Florida Bar Association, the Ft. Lauderdale-based Watson Firm, headed by Marshall C. Watson, has agreed to close its doors, and Watson will accept a 91-day suspension of his license to practice law. The bar association accused Watson.
Johnson-Seck was an official at the center of OneWest’s so-called "robo-signing" scandal. Robo-signing. Democrats and CNN but says a Florida man charged in the case "appears to be a partisan.".
Some foreclosures had to be refiled because of questionable paperwork and other aspects of the "robo-signing" scandal. Meshad law firm. Overall, the 1,310 foreclosures filed last month in Southwest.
"Robo-signing" of mortgages still a problem. Critics such as April Charney, a Florida homeowner and defense lawyer, called the settlement a farce because no real punishment was meted out, making it easy for lenders and mortgage processors to continue the practice of robo-signing.
Barron’s: The International Monetary Fund downgrades its 2019 forecast as economic pessimism grows · The International Monetary Fund downgraded its forecast for the U.S. economy this year and said America should raise the minimum wage to help the poor, offer paid maternity leave to encourage more women to work and overhaul the corporate tax system to boost productivity.In.
The banks continue to commit fraud, first with robo-signing and on some of these properties the bank probably doesn’t even have the proper paperwork to foreclose..
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Robo-signing controversy "Robo-signing" is a term used by consumer advocates to describe the robotic process of the mass production of false and forged execution of mortgage assignments , satisfactions , affidavits , and other legal documents related to mortgage foreclosures and legal matters being created by persons without knowledge of the facts being attested to.
Florida law firms scrutinized in robo-signing scandal. Florida Attorney General Bill McCollum is investigating four of the largest foreclosure law firms in the state, alleging that the firms have manufactured court documents in order to speed up the foreclosure process. A hearing to quash the subpoena against one of the firms, Shapiro & Fishman,
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(Newser) – The Federal Reserve’s probe into the robo-signing scandal and other abusive mortgage practices failed to turn up a single wrongful foreclosure, the Fed’s Consumer Advisory Council.