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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bmaz @Mansfield2016 @mattdawidowicz Harris is an Obama type of judge much more than Jill Pryor. Shes just more important to them. And, yes its BS
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bmaz @steve_vladeck @dsc250 @imillhiser @JoshMBlackman @MikeSacksEsq Also think newly constituted DC Circuit is going to want to move en banc.
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bmaz @steve_vladeck @dsc250 @imillhiser @JoshMBlackman @MikeSacksEsq Yep, I agree with Ian and Steve here.
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bmaz Shaneen Allen, race and gun control http://t.co/HFRC6nvpY5 Absolutely fantastic look at gun control and govt discretion by @radleybalko
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bmaz @jeff_kaye Sure, seems entirely consistent with the known evidence to date.
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bmaz RT @JasonLeopold: Execution in Arizona Is Approved by Justices. Scheduled for Wednesday. http://t.co/VmgjiE1MWm
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bmaz @cocktailhag Sounds like a fair addition to me.
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bmaz Also in the totally awesome to meet at #NN2014 department: @StephanieKelton @NadiaKayyali and @alexisgoldstein
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JimWhiteGNV RT @RaysBaseball: That moment when a pitcher who hasn't batted since high school executes a perfect safety squeeze. @JakeOdorizzi http://t.…
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bmaz Despite their limited stay no two more fun+incredibly awesome people I finally personally met at #NN2014 than @astepanovich + @McElweeWhite
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