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 Thought of marriage equality coming to SC gives me even more glee than marriage equality in UT, & used to live there. http://t.co/tdUSgTS2Zy
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emptywheel @natnicol Really, entire bar comes down to whether you can keep necessaries away from proctor isn't it? Hell I could pass that! @sarahjeong
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emptywheel @TyreJim I've only started with them. But them, I'm half-way to dead and still have only a radiation tattoo. @sarahjeong
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emptywheel @TyreJim If her Tor sticker were the one the NSA uses, with the hairy "terrorist" dude, that'd be lethal too. @sarahjeong
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emptywheel Bibi likely thinking to himself, "Ha! That windsurfer had to have a girl defend him."
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bmaz @carimachet @kevinjonheller But don't blow shit up my ass and tell me what and how to think on legal issues.
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emptywheel @sarahjeong Sure you will! YOu're missing the "National Security Agency Monitored Device" one, which is the real sticker of death. @TyreJim
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bmaz @carimachet @kevinjonheller Would IHL if applied properly make a difference? Along with other modalities, of course. Is it currently, no.
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bmaz @carimachet @kevinjonheller No, I will not argue your point because you are egregiously mischaracterizing what Kevin has opined.
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emptywheel @TyreJim Was thinking that myself. Going into the bar exam and not prepping to litigate the meaning of "excessive." @sarahjeong
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bmaz @carimachet @kevinjonheller I have known, seen and read Kevin for quite a while now and think you are terribly mistaken.
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bmaz @ryanjreilly Getting pretty close to every time now, albeit some a little more shaded than others.
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