Michigan Attorney General Bill Schuette has issued subpoenas against three national mortgage servicing providers as part of a criminal investigation pertaining to questionable mortgage documentation filings during the current foreclosure crisis.
Schuette filed the subpoenas against Lender Processing Services, Fidelity National Financial and CT Corporation System. DocX, which provides mortgage support services by creating, processing or recording mortgage documents, has also been issued a subpoena by the AG.
Schuette requested documents regarding how the three firms process paperwork pertaining to foreclosures and bankruptcies. The information must be submitted to the AG’s office by June 30.
"Allegations of forged mortgage documents are very serious and require a thorough investigation," said Schuette. "I will continue to work closely with federal and local authorities to find answers on behalf of Michigan homeowners."
The AG launched an investigation in April after county officials throughout the state suspected that the assignment of mortgage documents may have been forged with the Register of Deeds offices.
The investigation looks into whether these mortgage processing companies permitted robo-signing of false mortgage documents for Michigan foreclosed properties.
LPS said it is “fully cooperating with the Michigan Attorney General to ensure that the requested information is provided.”
Neither of the other two firms could be reached for comment about receiving this subpoena.
