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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

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bmaz @WilliamOckhamTx Sure is. Dick is one hell of a lawyer.
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bmaz RT @radleybalko: Obama has said he believes federal drug sentences are inhumane. So 22 commutations--of 1000s--isn't courageous. It's polit…
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emptywheel RT @ChrisDolmetsch: #scoopage by @ChristieSmythe HSBC Wins Dismissal of New York Foreclosure Practice Suit http://t.co/V69H0dIgd9
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emptywheel @moorehn We're having spring with the added benefit that, precipitation restarted, it appears to be behaving and precipping at night.
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bmaz Durst arrest warrant should be 'thrown out,' attys say http://t.co/jw5qdOhd26 Wow, if these facts are right, DeGuerin's motion may have legs
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emptywheel @DafnaLinzer And not even including Scooter Libby @BarackObama
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emptywheel @phillipanderson If we're the "Democratic" party can we demand less formulaic consultants?
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emptywheel @flexlibris That might be my favorite detail of the day. Especially bc LM recipients are always big surveillance fans.
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emptywheel RT @flexlibris: Meanwhile, Lockheed Martin is managing the "contact me" pages of a number of members of Congress. That's right.
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emptywheel @OKnox Saudis have quidded their pro I suspect. @GerardAraud
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