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

Emptywheel Twitterverse
bmaz @nicholsong I may join, cause I currently have no dental plan #ThanksObama
6mreplyretweetfavorite
bmaz @nicholsong Also, al-Qaida and ISIS, right?
14mreplyretweetfavorite
bmaz @nicholsong And, heck, parenting is HARD. I mean that. But this shit is just too much.
19mreplyretweetfavorite
bmaz @nicholsong Meh, I have no issue with that. These are not great parents that thought this a good idea.
19mreplyretweetfavorite
bmaz @nicholsong Different times and places though. I would be dead if I had learned to drive where we live now.
20mreplyretweetfavorite
bmaz @nicholsong Hey, my daughter turns 19 tomorrow and has never sought her driver's license. I had my first accident at age 14.
21mreplyretweetfavorite
bmaz @nicholsong This was a freaking UZI pistol with lame stock, at best!
24mreplyretweetfavorite
bmaz @nicholsong Even when I went deer hunting as a kid, it was with a 30.06 single shot.
25mreplyretweetfavorite
bmaz @nicholsong I mean, shit, I got to fire a semi auto .22 long rifle at age 11 only under controlled circumstances.
29mreplyretweetfavorite
bmaz @nicholsong Yeah, I might wouldve wanted to too. But, even though I was a bigger in physical stature boy, no adults would have dreamed of it
32mreplyretweetfavorite
bmaz @nicholsong Hey, I got "NRA Certified" at summer camp with a .22 rifle. This Bullets and Burgers" stuff is totally nuts
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