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 @yeselson @reftpt @StephanieKelton Still, pretty stark then to now.
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bmaz RT @reftpt: I've seen this before but I can never get over it. MT @StephanieKelton: #LaborDay poster from 1956. http://t.co/rFJ8LH9147
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emptywheel @drfarls But ... academics. Aren't rules socialist there? (And before I realized today was Sun, was gonna say no one takes Mon classes)
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emptywheel @fmanjoo Also never seen people saying "Oh well, JP Morgan Chase shouldn't have any responsibility to secure online stuff" @steveglista
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emptywheel @drfarls Surely they can't have classes scheduled for the day after labor day?
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emptywheel @mmasnick There's a VIrgin joke here but I'll spare you. @VirginAmerica
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emptywheel RT @sarahjeong: @darth @strngwys if technology isn't *reasonably* creep-proof, someone fucked up.
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emptywheel @fedbooks Better D than Richard Sherman? Doubt it. Better than last year? Yes.
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emptywheel @memefan2000 Sure. Great ads. But he was also the first for whom it was a kiss of death for his day job.
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emptywheel Ut oh. Richard Sherman does the Campbell's Soup ad that is generally a kiss of death for the season.
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JimWhiteGNV I'm gonna need more popcorn to get through the second half of this game.
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JimWhiteGNV Heh. #GoACC They still have the worst officiating in college football. Two major blown calls in a row.
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