Bank of America
Lender Processing Services
Action Date: July 26, 2011
Location: Hillsborough County, FL
From April 1, 2011 to July 26, 2011, Bank of America filed 189 Lis Pendens in the official records of Hillsborough County. The filing of a Lis Pendens usually signals the start of a foreclosure action. In the same period in 2010, BOA filed 702.
In this same time period in 2011 (and 2010):
Aurora Loan filed 43 (90 in same period in 2010);
BAC Home Loan Servicing filed 160 (515 in same period in 2010);
Bank of New York filed 76 (307 in same period in 2010);
Chase Home Finance filed 11 (168 in same period in 2010);
CitiBank filed 32 (112 in same period in 2010);
CitiMortgage filed 127 (230 in same period in 2010);
Deutsche Bank filed 149 (319 in same period in 2010);
GMAC filed 55 (88 in same period in 2010);
HSBC Bank filed 58 (107 in same period in 2010);
JP Morgan Chase filed 57 (247 in same period in 2010);
One West filed 34 (46 in same period 2010);
SunTrust filed 78 (203 in same period in 2010);
Wachovia filed 98 (215 in same period 2010);
Wells Fargo filed 431 (1,057) in same period 2010.
From these 15 lenders and servicers, the total new filings in just one county, Hillsborough, in Florida, since April 1, 2011 was 1,592, while the total for this same time period last year was 4,406.
Bank foreclosure activity was down in part because Fannie, Freddie and other big lenders took their files away from the foreclosure mills as criticism grew regarding the authenticity of documents and claims made by the mills.
Foreclosure activity was also down in response to increased scrutiny by regulators, legislators and by the press.
Two major Florida-based document production companies, Lender Processing Services and Nationwide Title Clearing, were reported to have received subpoenas from state attorneys general regarding the documents they produced for banks and servicers.
Although investigations have been announced for the past year, no findings have been reported or released.
Lender Processing Services
Action Date: July 26, 2011
Location: Hillsborough County, FL
From April 1, 2011 to July 26, 2011, Bank of America filed 189 Lis Pendens in the official records of Hillsborough County. The filing of a Lis Pendens usually signals the start of a foreclosure action. In the same period in 2010, BOA filed 702.
In this same time period in 2011 (and 2010):
Aurora Loan filed 43 (90 in same period in 2010);
BAC Home Loan Servicing filed 160 (515 in same period in 2010);
Bank of New York filed 76 (307 in same period in 2010);
Chase Home Finance filed 11 (168 in same period in 2010);
CitiBank filed 32 (112 in same period in 2010);
CitiMortgage filed 127 (230 in same period in 2010);
Deutsche Bank filed 149 (319 in same period in 2010);
GMAC filed 55 (88 in same period in 2010);
HSBC Bank filed 58 (107 in same period in 2010);
JP Morgan Chase filed 57 (247 in same period in 2010);
One West filed 34 (46 in same period 2010);
SunTrust filed 78 (203 in same period in 2010);
Wachovia filed 98 (215 in same period 2010);
Wells Fargo filed 431 (1,057) in same period 2010.
From these 15 lenders and servicers, the total new filings in just one county, Hillsborough, in Florida, since April 1, 2011 was 1,592, while the total for this same time period last year was 4,406.
Bank foreclosure activity was down in part because Fannie, Freddie and other big lenders took their files away from the foreclosure mills as criticism grew regarding the authenticity of documents and claims made by the mills.
Foreclosure activity was also down in response to increased scrutiny by regulators, legislators and by the press.
Two major Florida-based document production companies, Lender Processing Services and Nationwide Title Clearing, were reported to have received subpoenas from state attorneys general regarding the documents they produced for banks and servicers.
Although investigations have been announced for the past year, no findings have been reported or released.
Source: Fraud Digest
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