Freddie Mac CEO: We will help increase mortgage lending

Freddie Mac CEO: We will help increase mortgage lending

Competition among two is still competition

MBA forecasts 7% origination jump in 2015

Predicts unemployment at 5.4% by end of next year

Fitch: Two-year run of home price growth is over

“Several markets are still overvalued”
W S
Servicing / The Ticker

Nevada AG ordered to pay Black Knight in robosigning lawsuit

Failed to meet discovery deadline

gavel and book
/ Print / Reprints /
| Share More
/ Text Size+

Most mortgage firms sued by Nevada's Attorney General Catherine Cortez Masto decide to settle.

Deutsche Bank (DB) settled for $11.5 million. The Royal Bank of Scotland (RBS) settled for $42 million.

For Black Knight Financial Services, then known as Lender Prosessing Services, the Nevada AG may end up paying them.

Cortez Masto's office was sanctioned for failing to meet the deadline in discovery in her lawsuit against LPS for alleged robosigning.

The firm responsible for getting that information to the AG is Cohen Milstein.

Judge Elizabeth Gonzalez in Las Vegas ruled for the sanctions. Lawyer Mitchell Berge is quoted in that article, saying: "I've never seen an attorney general sanctioned."

Black Knight does not have a comment.

Masto's office provided this statement to HousingWire:

“An Order was entered for attorney’s fees and costs on a discovery motion. The amount has not been determined as further filings with the court are necessary. The Attorney General and Cohen Milstein are reviewing all of our options with respect to this Order.”

Recent Articles by Jacob Gaffney

Comments powered by Disqus