Lender Processing Services

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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emptywheel @morphizm In Paul's case it was in a 2011 amendment to NDAA to repeal the AUMF. http://t.co/v8JmADvG3U
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bmaz @JulieATate I am already having an issue. Kobe Steak Fries: http://t.co/C8o6o4EPDL
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emptywheel @empiricalerror Mind if I borrow that for a post?
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emptywheel RT @ddayen: USPS dithered, so now, Walmart Bank. Enjoy the temporary good value, America! http://t.co/N9ZRjbEAyu
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bmaz @jilliancyork Ms. Yikes, I know you've not had a fix lately. That said, Kiki wants to shed fur on you personally http://t.co/noTLuqPJBj
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emptywheel I know I already claimed my winnings on this, but since it's official, Rand Paul & I did warn you not to leave that Iraq AUMF lying around
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bmaz @PeskyJski @AuntyMoney Understand you, I have a thing for polar bears, so I am a little sensitive (my dog): http://t.co/zQFIvkUsRA
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emptywheel @empiricalerror Do you have a full screen cap of this--I assume it's the interim correction?
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emptywheel RT @empiricalerror: @emptywheel I engaged him (?) in this thread: https://t.co/QmI56IyoLZ Article was corrected twice after that.
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emptywheel @sarahjeong That's because only white people have pink hair, duh.
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emptywheel @mattblaze You getting a screen cap of the original?
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emptywheel Does it surprise anyone that the former Assistant Director of FBI is willing to lie to keep you scared? http://t.co/p2oTP4X2Wc
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