Prosecutors Say Florida AG Fired Them For Going After Mortgage Lenders

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(Reuters) – Four years after the banking system nearly collapsed from reckless mortgage lending, federal prosecutors have. center on requiring them to pay $20 billion or more in penalties, only.

A newly elected public defender and state attorney in Florida’s Fourth Circuit in Jacksonville, Fla., have fired more than 20 lawyers in their offices, prompting threats of lawsuits. Public.

Just about everyone in the mortgage lending process, from the investment banks, to the brokers and appraisers, to the lenders themselves, have taken a beating in the media ever since the housing.

Florida Attorney General Bill McCollum says that his office has sued 10 companies and 15 individuals for their alleged roles in a significant mortgage fraud scheme in central Florida. The ring obtained more than $37 million in mortgage loans for at least 60 home purchases and siphoned off more than.

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LPS employees "seem to be creating and manufacturing ‘bogus assignments’ of mortgage in order that foreclosures may go through more quickly and efficiently," the Florida Attorney General’s.

"Even though some lenders will say it’s between. These programs go by different names in different states, like Keep Your Home California and the Florida Hardest-Hit Fund. Some local governments.

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"All these machinations were going. mortgage-related companies that share an address in Jacksonville with LPS’s Florida office. The company has also hired away a top official once tasked with.

Two former Florida prosecutors are accusing the state Attorney General of firing them for going after mortgage lenders too aggressively.The Sun Sentinel reported that Theresa Edwards and June Clarkson.

Two former Florida prosecutors are accusing the state Attorney General of firing them for going after mortgage lenders too aggressively.The Sun Sentinel reported that Theresa Edwards and June.

Interthinx: Mortgage fraud risk rose in 4Q14 Records of the Work Projects Administration [WPA] Records of the works progress administration (wpa) Administrative History The Works Progress Administration (WPA) was instituted by presidential executive order under the Emergency Relief Appropriation Act of April 1935, to generate public jobs for the unemployed during the Great Depression.The risk of credit loss on these loans has been considered by virtue of the Corporation’s estimate of acquisition-date fair value and these loans are considered accruing as the Corporation primarily.