Missouri Attorney General Chris Koster preliminarily agreed to support a $140m settlement, $100m of which would be used to support Missouri homeowners.

According to Koster, the Grand Jury indictment indicates that mass-produced fraudulent signatures on notarized real estate documents–”robo-signing”–is forgery.

Missouri Governor Jay Nixon plans to use the remaining $40m from the [...]]]> DocX, a home foreclosure servicer based out of Alpharetta, Georgia, has been indicted by a Boone County jury on 136 counts.  The indictments allege Docx made false declarations on mortgage documents and is guilty of forgery.

Missouri Attorney General Chris Koster preliminarily agreed to support a $140m settlement, $100m of which would be used to support Missouri homeowners.

According to Koster, the Grand Jury indictment indicates that mass-produced fraudulent signatures on notarized real estate documents–”robo-signing”–is forgery.

Missouri Governor Jay Nixon plans to use the remaining $40m from the settlement to support Missouri’s higher education and avoid yet another round of tuition increases, hiring freezes, and staff furloughs.

According to the Kansas City Star: In his initial budget proposal, Nixon cut $106 million from higher education, a roughly 12.5 percent reduction from the previous year’s budget. Of that, $89 million came from four-year institutions and $16.9 million from community and technical colleges.

Nixon, a Democrat, said he plans to meet with the presidents and chancellors of Missouri’s two- and four-year institutions in his office on Thursday to brief them on these developments and the amendment to his recommended budget.

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From Missouri Lawyers Weekly: Koster to prosecute company for robo-signing mortgage docs

From the Kansas City Star: Nixon adds $40 million to proposed Missouri higher education budget