Robo-Signing

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 @Krhawkins5 And THAT partly depends on whether McConnell loses, IMVHO. @John_Hudson
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emptywheel @John_Hudson I think FAR more interesting Q is what kind of Gang of Four leaker Burr will be. Might not be as bad as Rogers, @Krhawkins5
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emptywheel @John_Hudson Unlike, say, Roberts' "I can think of 10 reasons not to oversee torture," Burr's self-interested enuf to balk @Krhawkins5
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emptywheel @John_Hudson I think that's a load of manure. Who was first to slam CIA under Bush? Hoekstra, over missionary shootdown. @Krhawkins5
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emptywheel "Rather than revealing invasion Whisper users’ privacy, info handover reflects how useless some big data analysis is" http://t.co/05OUNdrv9x
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emptywheel "Should programming that is critical of Israel on some campuses endanger all funding for international education? " http://t.co/7BG8gg6HJr
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emptywheel “Trying to heal the legal system, if that doesn’t sound too trite, I think does motivate me.” http://t.co/oHevnUA76v
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emptywheel @onekade Was waiting for that! (Slow on the draw, are you!)
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emptywheel @onekade Jesus was killed by police you know. Pretty sure they'd even call him a terrorist in this day and age.
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emptywheel @Krhawkins5 Brady? Pshaw. Brady's quaint and outmoded even for criminal defendants. Just ask Ted Stevens.
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emptywheel National news report reports, again, that brave nurse rode a bike, in defiance of cowardly politicians.
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emptywheel @digby56 Except they didn't charge him w/anything CLOSE to what Muslim'd be charged w. Real explosives usu charged lighter than FBI fakes
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