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

Emptywheel Twitterverse
emptywheel @charlie_simpson I think I'm finally getting to point w/swimming where I imagine it feels like running does to people w/joints. @ExumAM
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emptywheel @HanniFakhoury Damnit. Here I thought I was being a thorough DOJ apologist @ErrataRob
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emptywheel @ExumAM Fair. Tho for some of us, our back is catching up even to that. @charlie_simpson
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emptywheel @ErrataRob (And yes, I know @HanniFakhoury will tell me it's "good faith" exception)
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emptywheel @ErrataRob It's same thing w/DEA dragnet. DOJ told court it was unconstitutional. So, why are people still in jail fr it? @HanniFakhoury
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emptywheel As you read abt DOJ's planned Stingray "transparency" http://t.co/we1x40lCry note USAF'd require new reporting on AGENCIES using FISA PRTT
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emptywheel @ExumAM You're gonna put @charlie_simpson on an all-squats diet?
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emptywheel "LE officials also don’t want to reveal info that'd give new ammo to defense in prosecutions where warrants not used" http://t.co/we1x40lCry
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bmaz RT @HanniFakhoury: DOJ fear of giving defense Stingray "ammunition" sounds like "suppressing material evidence:" http://t.co/wgLdJO0oVH htt…
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bmaz @BillBarrettLaw Should be bourbon. What's the occasion?
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bmaz RT @BillBarrettLaw: Drinking gin in the main 5th Circuit courtroom. One in a lifetime moment. Lawyer bucket list. http://t.co/A35KfRF05M
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bmaz @HanniFakhoury Well, and some judges starting to blister their butts on it.
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May 2015
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