Federal Agencies LPS Consent Order Allows for SERVICER Restitution

Federal Agencies LPS Consent Order Allows for SERVICER Restitution

Posted by L

I’m compiling the time line and came across part 2(f)(v) on page 11 of the LPS consent order here.

(v) measures to reimburse the Examined Servicer or borrower, as
appropriate, for financial injury from the document execution services provided by LPS;

Here’s the reconstructed time line

13-Apr-11 LPS Consent Order
12-Jun-11 Due Date Written Oversight Plan pg 6
28-May-11 Due Date Retain Independent Consultant to peform an Independent Review & Prepare Report on Document Execution Processes pg 9
2-Jun-11 Due Date Submit Engagement Letter for approval of Document Review Methodology pg 12
10-Oct-11 Due Date Document Execution Review, development of the
Remediation Plan, and completion of the Document Execution Report
pg 12
24-Nov-11 Due Date for Remediation Plan (“Remediate documents & reimbuse Servicers” or borrowers for financial injury) pg 11
12-Jun-11 Due Date Written Compliance Program pg 13
23-Apr-11 Due Date Retain Independent Consultant to Perform Independent Review & Prepare Report Comprehensive Assessment of Risks; operational, compliance, legal, reputational pg 14
12-Jul-11 Due Date Report on Risk Assessment
28-Apr-11 Due Date Submit Engagement Letter for approval of Comprehensive Risk Assessment Review pg 15
10-Sep-11 Due Date Submit Comprehensive Risk Management Program pg 15
12-Jun-11 Due Date Submit Written Plan for Internal Audit Program pg 17
10 days after each due date Agency approval or rejection of all written plans, programs, and/or engagement letters pg18
30 days after each calendar quarter Submit Written Progress Reports pg18

Notice how it says “Servicers OR Borrowers”

Which one you think they’re gonna pick?

~

4closureFraud.org

Comments
10 Responses to “Federal Agencies LPS Consent Order Allows for SERVICER Restitution”
  1. l vent says:

    Tell them to just eat it and stop the fraudclosures. All of their LIES and FRAUD cancels the sheisters out. These PONZI SCHMEMERS have made themselves absolutely, positively IRRELEVANT. Therefore, THEY have NO RIGHTS, there are NO LAW that protect these criminals. This does not even include the FACT they are not AMERICAN OWNED ENTITIES, THEY ARE FOREIGN OWNED AND OPERATED. THESE FOREIGN MULTINATIONALS HAVE NO RIGHTS UNDER THE U.S. CONSTITUTION. GOD BLESS AMERICA!!! DOING BUSINESS UNDER THE DISGUISE OF AN AMERICAN INSTITUTION DOES NOT MAKE YOU AN AMERICAN INSTITUTION. THEY MERELY — USE AMERICAN NAMES AS PROXIES TO HIDE BEHIND. THEY ARE A FRAUD AND A SHAM!!!!! RESCIND THE FRAUD!!!!!!!.

    • TheHutMaster says:

      That says it all, IVent!

      Perhaps they will settel by setting a “Shoot your Banker Day”.
      That would make my 45 HAPPY!

      “Fight The Good Fight”

      • l vent says:

        LOL!!! Time for some real honesty from some true blue Americans who know this is really all about a hidden foreign intrusion into our RIGHTS, OUR STRICT PROPERTY LAWS AND OUR FREEDOM UNDER THE U.S. CONSTITUTION that were put in place to protect us from a FOREIGN TYRANNY such as this. GOD BLESS AMERICA.

      • TheHutMaster says:

        AMEN MAN!

        You may know me as James Aitken. I thought it better to cloak as the HUTMASTER, check my blog by clicking my name..

        Anyway, I have spent the last 3 years looking into this HUGE mess, as I saw it comming.

        I am an EE and Computer Science Degree holder, with a minor in psychology. My very good friend, and since 1984, is a well respected Attorney. I have always built his systems over the years.

        To that end, I too had the bullshit hit my door. It turns out that Taylor Bean/Colonial Bank, which did my single mortgage, and as you know are now both in JAIL…. Well…. FDIC get’s the assets of a scumbag busted, (usually on a Friday afternoon).

        Well to follow, THREE (3) ASSHOLE CAME FORWARD claiming my mort.

        This prompted me to move into the Law Firm as the CIO and head BULLDOG against these assholes.

        Over the last 2 years I have develop systems to allow “THE COMPUTERS TO FIGHT THE COMPUTERS”.

        We have a great track record of holding the scumbag lies to a very low minimum and have access to the NPV model the scumbags are suppose to use to determine eligibility into a HAMP MOD/ HAFA Short Sale.

        Well after 2 years+, YOUR HONOR DIDMISSED MY CASE.

        Funny thing is the extreme ASSHOLES AT NCCI, keep sending their disgusting COCK ROACHES by my home. I have (45) reasons they will never come back.

        “Fight The Good Fight”

    • leapfrog says:

      James: Why don’t you consider an outdoor camera and film them checking-out/scoping/casing/harrassing/trespassing on your home and file a complaint? I’ll have to check out your blog for your story on the dismissal. I’m confused. Were you the plaintiff or the defendant? And is the dismissal good or bad news?

    • D Bass says:

      Supreme Court TODAY just took away citizen’s (persons right to sue today, arbitration only). What happened to our right to trial. These gangster, profit ALL Cost, have and are still committing fraud every moment of the day. They should be in jail, not taking away our rights. This is insane and criminal.
      Go to Public Citizen website, supreme court decision April 29, 2011.

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