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 @jaketapper Excellent interview. Refreshing to see a candidate actually answer your questions. You should see how people respond at rallies.
59mreplyretweetfavorite
emptywheel @B_D_Silver @BenjySarlin could we by ave legalzed pot inside our walls? Pay no taxes?
59mreplyretweetfavorite
emptywheel @RT4_Chicago @charlie_savage found it not me. But he's off in Europe being civilized I think.
1hreplyretweetfavorite
emptywheel Republicans for fence-builder welfare 2016
1hreplyretweetfavorite
emptywheel @BenjySarlin right. And that's what Christie was talking about. Haven't seen single article that mentions overstay.
1hreplyretweetfavorite
bmaz RT @LionelMedia: I could only get through five minutes of Meet the Press. It sounds like a conversation in the dayroom of Creedmoor.
3hreplyretweetfavorite
emptywheel RT @ErikLoomis: We can talk about Tianjin but the same thing happened in Texas in 2013 and the same problems are the reason. http://t.co/gm
3hreplyretweetfavorite
emptywheel @KevinBankston Not a book but consider both Verne and lesser extent Capek occupied same space in paper as pop science columns
3hreplyretweetfavorite
emptywheel @joanneleon Green cards need to be renewed after 10 yrs. Even that is fucked. @herrdoktorjay
4hreplyretweetfavorite
emptywheel @joanneleon That is, in large part, what I'm talking abt. EVERYONE on such visas faces delays outside of DHS deadlines @herrdoktorjay
4hreplyretweetfavorite
emptywheel DWS, DNC Chair, prevents Iran resolution. Schumer, presumed rising Senate Minority Leader, voting against Iran deal. See a trend?
4hreplyretweetfavorite
emptywheel @herrdoktorjay Which is why it pisses me off the reporting on Christie's comment is so terrible. Bc that's clearly what he was talking about
4hreplyretweetfavorite
August 2015
S M T W T F S
« Jul    
 1
2345678
9101112131415
16171819202122
23242526272829
3031