Goldman Sachs, Litton, Ocwen reach deal on robosigning with NY regulator

Categorized | STOP FORECLOSURE FRAUD

Goldman Sachs, Litton, Ocwen reach deal on robosigning with NY regulator

Goldman Sachs, Litton, Ocwen reach deal on robosigning with NY regulator

WSJ–

The mortgage industry will take a step toward cleaning up some of its most controversial practices under a deal between a New York regulator and three financial firms, including Goldman Sachs Group Inc.

Under the agreement with the state’s financial-services superintendent, Benjamin M. Lawsky, the three firms—Goldman, its Litton Loan Servicing business and Ocwen Financial Corp.—promised to end so-called robo-signing, in which bank employees signed foreclosure documents without reviewing case files as required by law. They also agreed to comb through loan files for evidence they mishandled borrowers’ paperwork and to cut mortgage payments for some New York homeowners.

The …

[WALL STREET JOURNAL]

[ipaper docId=63786425 access_key=key-i3bozvbr23c15k30t99 height=600 width=600 /]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Comments

comments

This post was written by:

- who has written 8611 posts on FORECLOSURE FRAUD | by DinSFLA.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

One Response to “Goldman Sachs, Litton, Ocwen reach deal on robosigning with NY regulator”

  1. Hannh says:

    There were already laws stating that their information should have been accurate, and have your information in order prior to going to court.

    What kind of huge waste of time and money is it that they have to be told this like a bunch of three year olds?

Trackbacks/Pingbacks


Leave a Reply

GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Advertise your business on StopForeclosureFraud.com
Kenneth Eric Trent, www.ForeclosureDestroyer.com

Archives