The stink is growing around the state’s largest foreclosure mill.
The Steven J. Baum law firm, which last month agreed to pay a $2 million fine to settle a federal probe into bogus foreclosure case filings, has now been barred by federal mortgage giants Fannie Mae and Freddie Mac from getting any more referrals of home loan defaults owned by either company.
In addition, the 70-lawyer firm is linked to the first criminal case brought against alleged robo-signers.
The criminal case was brought by the Nevada attorney general against two title officers — Gary Trafford and Gerri Sheppard — charged with forging signatures on 606 foreclosure-related mortgage documents.
The two worked for Lender Processing Services, a publicly-traded company, which was not charged in the matter.
In New York, LPS also had provided allegedly doctored records used in a foreclosure case here handled by the Baum firm, court records show.
Those LPS documents furnished to Baum were found by the mortgage lender’s own legal team as “factually inaccurate,” court documents show.
In the New York matter, the questionable Baum documents were signed by an LPS officer identified as Scott Walter, transcripts show.
Read more: http://www.nypost.com/p/news/business/foreclosure_mill_getting_peppered_kiOTIVUoa2nNSftA2YwZKJ#ixzz1e6MT7IU1
Read more of the deposition of Scott Walker. Click here and here.
No comments:
Post a Comment