MADIGAN FILES SUIT OVER FAULTY MORTGAGE ASSIGNMENTS FILED WITH COUNTY RECORDERS
Attorney General Alleges Faulty Practices in Foreclosing on
Homeowners in Crisis
Full complaint below…
Chicago — Attorney General Lisa Madigan today filed a lawsuit against Nationwide Title Clearing for filing faulty documents with Illinois county recorders. Nationwide Title Cleaning Inc. (NTC) is a Florida-based company that prepares documents for mortgage servicers to use against borrowers who are in default, foreclosure or bankruptcy.
“The practices that NTC used were a key contributor to the mortgage crisis by undermining the integrity and accuracy of the mortgage servicing and foreclosure process,” Attorney General Madigan said.
NTC provides a range of mortgage loan services to eight of the top 10 lenders and mortgage servicers in the country. NTC specializes in creating, processing and recording mortgage assignments, which are often used for a lender to foreclose on a borrower.
The lawsuit, filed in Cook County Circuit Court, alleges numerous violations of the Illinois Consumer Fraud and Deceptive Practices Act and the Uniform Deceptive Trade Practices Act. Madigan is asking the court to require NTC to review and correct all documents it unlawfully created and recorded in Illinois, and pay back all revenues, profits and gains achieved in whole or in part due to unlawful practices. The suit also asks the court to impose civil penalties against the company.
Attorney General Madigan is committed to holding all entities that contributed to the financial crisis accountable for their unlawful misconduct. As part of those efforts, Madigan sued the national credit ratings agency Standard & Poor’s last week for its fraudulent role in assigning high ratings to risky mortgage-backed investments in the years leading up to the housing market crash. The Attorney General alleged that S&P compromised its independence as a ratings agency by doling out high ratings to unworthy, risky investments as a corporate strategy to increase its revenue and market share.
In December 2011, Madigan and the U.S. Department of Justice reached a $335 million settlement with Countrywide, a subsidiary of Bank of America, for discriminating against thousands of Illinois minority borrowers during the height of the subprime mortgage lending spree. The settlement will provide restitution to harmed Illinois borrowers and is the largest settlement of a fair lending lawsuit ever obtained by a state attorney general. The Attorney General is litigating a similar lawsuit against Wells Fargo alleging widespread discrimination against African American and Latino borrowers.
Madigan led an earlier lawsuit against Countrywide, which resulted in a nationwide $8.7 billion settlement in 2008 over the company’s predatory lending practices. That agreement established the nation’s first mandatory loan modification program. The Attorney General also reached a $39.5 million settlement with Wells Fargo over the bank’s deceptive marketing of extremely risky loans called Pay Option ARMs in 2010.
Assistant Attorneys General Andrew Dougherty, Thomas P. James and Vaishali Rao are handling the case for Madigan’s Consumer Fraud Bureau.
SOURCE: http://illinoisattorneygeneral.gov/
Remember this?
Look at the above picture of Bryan Bly and Milton Waddams side by side…
Now, remember Office Space?
The resemblance is AMAZING!
Same haircut, same glasses, same mustache, same look! They are even wearing the same gray short sleeved shirt!
HA! And I thought Robo-Lisa was the funniest thing I ever saw…
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4closureFraud.org
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THE PEOPLE OF THE STATE OF ILLINOIS vs NATIONWIDE TITLE CLEARING
Mona Lisa looks a little different.
Abolish the Fed is the start. Andrew Jackson was the last President to pay off thre debt and his premonition was described in his 6th annual address. read it He forsaw the unfederal reserve. Congress shall have power to coin money and regulate the value thereof. It might set up a different set of problems but at least we could fire the bastards.
Right on Ron Moss! The FEDERAL RESERVE is not only UNCONSTITUTIONAL and therefore, ILLEGAL, it is a tyrannical dictatorship…The founding fathers warned this would happen if the U.S. CONSTITUTION was not upheld..! Did you happen to catch the Bernanke/CONgress hearing yesterday? What a show! CONgress was grilling Bernanke as if he was the only criminal in the room! Bernanke shot back with a swift kick in the cahones to CONgress…Bernanke told CONgress point blank, YOU ARE WHO CREATED US, SO IF YOU DON’T LIKE OUR POLICIES, YOU SHOULD DRAW UP A MANDATE TO ABOLISH US. The traitors piped down after being told by Bernanke that CONgress were the pot calling the kettle black! Too bad their wasnt a lynchmob around because they had all the proof they needed who the traitors are…they could have done some housecleaning! If i would have known it was going to be so entertaining, I would have made some popcorn!! Best reality show I have ever seen…! LMAO!!!!
All the friends of Willard, are getting smoked out!…pass the popcorn!!!
Tell Congress to draw up a mandate to abolish the FED and the IMF….they are the head of the beast in America…
BLOOMBERG NEWS REPORTING….OBAMA SAYING….ISRAEL MAY ATTACK IRAN WITHOUT WARNING!!!! …..
Looks to many who know the truth….the Vatican/Rothschilds will stop at nothing to drag the world into WW III!
Bloomberg news reporting MICRON CEO dies at age 51 in small plane crash……MICRON WAS A WINNING STOCK…ALL TRADING ON THAT STOCK HALTED. MICRON WAS A VERY SUCCESSFUL SEMI CONDUCTOR COMPANY….HMMM…INTERESTING..
Romney says he cares about the poor and wants a safety net for the poor…THE TRUTH….THE POOR HAVE BEEN MANUFACTURED BY THE MONEYED ELITE….THERE SHOULD BE NO POOR….AMERICA IS THE RICHEST COUNTRY ON THE PLANET……WHY??? BECA– USE WE ALL PAY TAXES, ELECTRIC AND GAS BILLS, MORTGAGES…..NOT ONLY DO WE FUND EVERYTHING THE DO BY PAYING TAXES…..WE THE PEOPLE BAILED OUT THE CROOKS…..!! WE ARE FORCED BY TRAITORS FROM WITHIN TO BUY FOREIGN OIL AND FOREIGN GOODS….ALL OF THESE THINGS ARE ROBBING OUR WEALTH…AS WELL AS THE RECYCLING OF ALL OF THE FRAUD COMMITTED BY WALL STREET, THE BANKS, THE GSES, THE FED AND THE U.S. GOVERNMENT WHICH IS THE VERY THING CAUSING ECONOMIC STAGNATION……!!!! STOP PAYING, CONFORMING AND COMPLYING WITH OUR MANUFACTURED DEMISE!!!!! ….WE THE PEOPLE DO NOT OWE THESE CROOKS ANY MONEY!!!! THEY OWE WE THE PEOPLE HUNDREDS OF TRILLIONS IN ILL GOTTEN GAINS!!!!! THROW THE TRAITORS OUT …..NOW THEY ARE TRYING TO START WWIII WITH IRAN…..MORE UNNECCESARY MANUFACTURED WAR DEBT…DEATH…AND DESTRUCTION.!!!!!….ABOLISH THE FED!!!
The moneyed elite are the problem..! They are psychopaths…! Abolish the FED and the IMF!
The pictures of these robos give me the creeps every time.
Rt news reporting Dr. Evil, his minions and cohorts are making human robots!…They showed what one looks like and, it even looks like one of the fembots from Austin Powers!
Yep! now they are making Frankensteins!…I guess if we cant be mind controlled slaves like they wanted… they figure they will just create some!..CRRRREEEEPY!! Beyond Orwellian!
I want to clarify…this is the real life Dr. Evil… the Shadow Government… and all of its minions and cohorts……not the fictitious characters.
This should cause an IMMEDIATE HALT TO ALL FRAUDCLOSURES IN ILLINOIS…..BY GOVERNOR PAT QUINN……AND A HALT TO ALL EVICTIONS BY THE COUNTY SHERIFFS!!!!! THEY ARE ALL BEING SUED FOR FRAUD….A CRIMINAL ACT….!!!!!!
Governor Pat Quinn now has ABSOLUTELY, POSITIVELY NO EXC– USE NOT TO CALL FOR LEGISLATION TO PLACE A STATE WIDE MORATORIUM ON FORECLOSURES AND HALT FRAUDCLOSURES …AND EVICTIONS..INDEFINITELY!