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How Obama’s DOJ Sold Out American Citizens In the Robo-Signing Criminal Plea

Yesterday afternoon there was a critical guilty plea entered in the ongoing robo-signing mess that lies beneath the festering mortgage crisis.

The former executive of a company that provided documentation used by banks in the foreclosure process pleaded guilty to participating in a six-year mortgage-forgery scheme.

The deal announced Tuesday by the Department of Justice represents one of the only successful criminal prosecutions resulting from the “robo-signing” scandal that surfaced two years ago.

Lorraine Brown, 56 years old, of Alpharetta, Ga., who is a former executive of Lender Processing Services Inc., LPS of Jacksonville, Fla., pleaded guilty to a scheme to prepare and file more than one million fraudulently signed and notarized mortgage-related documents.

A criminal guilty plea to straight on systemic fraud like this (here are the pleas documents) ought to have far ranging consequences for home and mortgage holders, not to mention local county recorders, whose quiet title and fee income, respectively, were damaged by the fraud, or at least so you would think.

A long time attorney involved in the field of mortgage fraud, Cynthia Kouril, writing at Firedoglake, laid out well the paths to recourse plaintiffs damaged by this fraud should have:

At the end, I said that this could be a game changer. In the comments, folks thought that was a reference to the fact that for once we have a Continue reading

Emptywheel Twitterverse
emptywheel @JasonLeopold A clever FOIA terrorist would use this moment to FOIA SSCI.
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emptywheel @ChristopherAnn3 Were you in charge of keeping the weird priesthood alive so we can fight this monstrosity?
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emptywheel @billmon1 Millions of orcs are constructing evil tweets in a white tower.
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bmaz @ggreenwald Man, couldn't @rdevro have at least done a Rick Perry like smiling glamour mugshot??
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bmaz @rickhasen @mgsledge @ryanjreilly @mzzmariah October 2013. World Series.
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emptywheel Did you also notice that chill that swept through Twitter about an hour ago? https://t.co/PbiR0YI6gW
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emptywheel @Travis_Waldron And while they're at it, I've been married 20 years and that's, you know, old and boring too.
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emptywheel @Travis_Waldron My daughter's 19 so too old to attract as many rich people as I need to get richer.
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emptywheel @Travis_Waldron Wait. Just did the math. He HAS a kid who's 19. Is he ready to bulldoze his daughter for a new one too?
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emptywheel @Atrios I did have that thought when I read the story. Prolly why even I will never be a female senator.
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emptywheel @Travis_Waldron Assuming his children are younger than his 20 yr marriage. But what will he do when they turn 17?
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