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 @billmon1 Also, American hubris says we'll never get in a dogfight with another industrial policy, all the contrary evidence notwithstanding
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emptywheel @billmon1 It helps if you think of it as an industrial policy instead. Pilots aren't encouraged to turn their head in industrial policies.
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emptywheel @billmon1 Fred: It doesn't much matter because USG will keep paying Lockheed no matter what we do.
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emptywheel @ZaidJilani Means you have to play the license plate game all summer.
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emptywheel @BlinnPR Google voice got collected under DEA's dragnet, so I think it gets picked up off majors' backbone.
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emptywheel Did NSA add another provider with its latest phone dragnet order? https://t.co/R4XI7iiebM
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bmaz @RPullen @stephenlemons @Steve_Irvin And, seriously, this is NOT a "left" or "right" deal, unless you are a knee jerk bigot apologist.
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bmaz @KellyFlood3 @azatty Jack Daniels Pecan and Blueberry Crumb. Yummmmm!
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bmaz @RPullen @stephenlemons @Steve_Irvin That's precious. Thanks for playing racist roulette!
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JimWhiteGNV RT @teddysanfran: Aetna/Humana: ...and then PRETENDED to oppose it! #HealthCareForALLInsuranceCompaniesProfit
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JimWhiteGNV RT @teddysanfran: Aetna/Humana: Tell me again why the health care insurance industry fought O'Care tooth and nail? Oh, right, they didn't; …
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emptywheel What's w/ I Con the Record? It's several releases behind? Summer vacation or the show of transparency has gotten old? http://t.co/OYGdP2sTZJ
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