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 →']);" class="more-link">Continue reading

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emptywheel Persistent Concerns abt Altered Financial Data https://t.co/4ORuaq6opG Year after President's Review Group raised concern, now Global Threat
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emptywheel RT @agolis: This quote captures everything about who loves and hates these two people and why. http://t.co/hsusrWtaTC http://t.co/JvP8fvjNoJ
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emptywheel Apparently the Senate Sergeant at Arms is more worried about these invaders than about Bibi's recent invasion. http://t.co/da1JYdNFaJ
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bmaz @ScottGreenfield I dunno man, lots of internet pundits and journalists are telling me he has "been cleared".
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emptywheel @adamgoldmanwp Though to his credit (something I rarely give him) Brennan has been caught in fewer lies since he moved back to CIA.
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emptywheel @adamgoldmanwp You're right. I'm wrong to be concerned. A CIA Director would never ever lie.
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bmaz RT @ScottGreenfield: The DoJ finding evid inadequate to prosecute Darren Wilson is not the same as Wilson being innocent. It is not proof o…
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JimWhiteGNV The azaleas we transplanted to make room for the blueberries are thriving in their better location. http://t.co/vLoiKITB58
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emptywheel @armandodkos True. And they've been colleagues w/Mark Penn in the past, which taints all.
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emptywheel @armandodkos Hillary's a big girl w/an army of flacks. If there's no there there, she can make that clear. Me. I'm glad we're talking email
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emptywheel @carwinb The language they're dancing around is very interesting. And ultimately she backed off most interesting issues.
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emptywheel @JameelJaffer Yes. And not just Muhtorov, right?
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March 2015
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