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 @benjaminwittes Sure, but it's something Whitehouse has not ceded to publicly. Has to be part of calculation. @csoghoian
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emptywheel @benjaminwittes Neither would Apple. If terrorist is using iCloud, they do, but if not, it's their provider (AT&T) who has it @csoghoian
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emptywheel @benjaminwittes I'm curious why in your treatment of encryption you don't account for public good of it (as Chertoff oped did)? @csoghoian
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bmaz RT @ddayen: #Bernie2016 event was pretty darn interesting tonight. Went to my local one down the street to observe. Felt like a new thing.
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bmaz @Ali_Gharib It IS unwatchable, and has been for a very long time, if not always. But, then, much of MSNBC is unwatchable.
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bmaz @jackgillum @AP @etuckerAP Good work guys.
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emptywheel RT @Ali_H_Soufan: Do you recall 1st group of US trained rebels recently entered into Syria from Turkey? Well, they have been kidnapped alle…
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emptywheel RT @BFriedmanDC: Palmer's club, Safari Club International, donates thousands to GOP candidates. #CecilTheLion http://t.co/ZWgR8aIu9u http:/…
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emptywheel @BaFana3 The "America's bad, terror-supporting allies," is easy. Anyone who made a big enough stink abt Iran "peace" deal gets free bombs.
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bmaz RT @nancyleong: Cops have taser, pepper spray, baton, other tools for self defense. If the gun is step one, there's no step two. #SamDubose
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emptywheel @pastordan No, I didn't. Yick. Grouchy.
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emptywheel @pastordan Grouchy CCD ladies, significantly. Then Benedict gave me an excuse never to set foot (I've reversed under Francis).
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