A Florida foreclosure attorney who categorized Nationwide Title Clearing (NTC), a document and services provider for the residential mortgage industry, as a robo-signer and perpetrator of foreclosure fraud on his blog has retracted his comments. Attorney Matthew Weidner wrote on his blog that he regretted making statements that implied NTC was guilty of wrongdoing.
“After reviewing evidence furnished by Nationwide Title Clearing Inc. (NTC), I have removed from my blog prior posts which stated that NTC was a foreclosure document company or that NTC was involved in something that was illegal or improper,” Weidner wrote on his blog. “My intent was to assist the general public and other attorneys by informing them of something that I believed to be true, but my assertions were based on reports in the press or blogs that, it turns out, did not provide full or correct information about NTC.”
As a result of his retraction, NTC dropped a pending libel action it had filed against Weidner, saying it was clear the incident was a misunderstanding.
“In summary, I regret and retract any statement that implies that NTC has falsified any documents or that NTC is involved in foreclosures,” Weidner posted. “These statements were based on general misinformation that appeared elsewhere in the press and on the internet. I apologize to NTC and its employees for any harm caused by my posts.”
“We will continue to cooperate with those who are attempting to protect consumers and uphold justice, but it is unethical to imply that long-standing industry practices, which have been found in court to be legal methods of preparing common mortgage related documents, are somehow harmful to consumers,” said Jeremy Pomerantz, senior vice president at NTC. “As a company, we will always defend ourselves against false and damaging statements being spread broadly. We appreciate Mr. Weidner's retraction and wish him continued success in his efforts to help Florida borrowers where possible.”
For more information, visit www.nwtc.com.