Fidelity National Unit Said to Near Settlement Over Robo-Signing

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Fidelity National Unit Said to Near Settlement Over Robo-Signing

Fidelity National Unit Said to Near Settlement Over Robo-Signing

  • Regulators seeking $65 million in discussions with former LPS
  • LPS was acquired during five-year talks over foreclosure flaws

Bloomberg-

A Fidelity National Financial Inc. subsidiary is in final talks to pay as much as $65 million to resolve U.S. government accusations that it contributed to improper and fraudulent foreclosures after the 2008 credit crisis, according to a person familiar with the deal.

Federal banking regulators agreed that a $65 million penalty could settle the case involving so-called robo-signing of foreclosure papers tied to the firm formerly known as Lender Processing Services Inc., according to the person, who requested anonymity because the negotiations aren’t public. Fidelity National acquired the company during the lengthy settlement talks with the Federal Reserve and other agencies, and it has been divided among subsidiaries including ServiceLink Holdings and Black Knight Financial Services.

LPS, which provided technology and services to lenders such as Wells Fargo & Co. and JPMorgan Chase & Co., faced accusations that it filed fraudulent legal documents used in the repossession of homes. For more than five years, LPS has been ensnared by a 2011 order from the Fed, Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. requiring changes to how it deals with loan defaults and the hiring of an outside firm to examine its work from 2008 through 2010.

[BLOOMBERG]

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One Response to “Fidelity National Unit Said to Near Settlement Over Robo-Signing”

  1. “Kareem Salessi 12-29-16”

    Yet another sell out of the public to “Fidelity NATIONAL Financial Criminal Enterprise” (FNF) which is probably the inventor of the forgery industry which became known as Robo-Signing.

    For only $5,000,000, NEVADA Attorney General sold out millions of Nevada victims of this organized crime, and even the apparent murder of one FNF Robo-Signer whistleblower, Tracy Lawrence, who was about to testify in front of a Nevada Grand Jury against FNF criminal forgery operations, and against her bosses below:

    At end of my below U.S. Supreme Court document linked below are the forgery indictments of just two of Ms. Lawrence’s forgery bosses who also got off the hook with the above mentioned $5,000,000 bribe!
    FNF national forgery operations based here in Irvine, Ca. have remained fully operational, just a couple of miles from courthouses which rubber-stamp their forgeries as GENUINE!
    Thanks to the magical powers of DOJ settlements (a/k/a: BRIBES).

    https://kareemsalessi.files.wordpress.com/2010/04/4-14-12-salessi-reply-to-fidelity-opposition-to-salessi-certiorari-11-1013.pdf

    I have Tracy Lawrence’s hundreds of pages of depositions blowing whistles on how the above two featured gangsters, plus others, operated FNF forgery mills churning out millions of forged foreclosure papers every week!

    I can email those deposition transcripts to Mr. Dubin if he posts them here.
    Thank you.

    “Kareem Salessi 12/29/16”

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