Why Isn’t This a Front Page Story Nationwide?

By: Tuesday December 11, 2012 7:25 am

The 50 state settlement notwithstanding, the Department of Justice and every attorney general in the country have a brand new, slam dunk, open and shut case against every single bank that is still allowing a foreclosure case to go forward based on DOCX/LPS false evidence.

 

Why the Florida and Missouri Guilty Pleas from Docx Founder May Change the Mortgage Crisis

By: Wednesday November 21, 2012 6:00 am

Yesterday I dashed off a post about the guilty plea taken by Lorraine Brown, the founder of DocX/LPS in which she admits that it was the custom and practice of her company to employee people to forge the signatures of others and to falsely notarize those signatures creating assignments, allonges and affidavits that were both forgeries and perjuries. In short, fraud.

Scott Brown Worked as Real Estate Attorney With Notorious Document Fraudster LPS

By: Friday September 28, 2012 8:18 am

Scott Brown casually mentioned that he, in fact, was a real estate attorney, who ran a small practice out of his home. He apparently was the guy who came to your house to do a real estate closing, a cog in the mortgage wheel. And he did this for the past nine years, encompassing all of the major years of the housing bubble.

Lender Processing Services Wriggles Out of Criminal Prosecution in Missouri

By: Friday August 3, 2012 1:43 pm

You may remember that there was one big criminal case in the foreclosure fraud scandal leading up to the settlement. Missouri Attorney General John Koster indicted Lorraine Brown, the founder and former President of the document processor DocX, for forgery and making false declarations on mortgage documents. The assumption here was that you could go up the chain from DocX, which has been shuttered since May 2010, to its corporate parent, Lender Processing Services, and then over to the big banks that hired LPS to falsify documents for them.

Well, that didn’t happen.

The Real Foreclosure Fraud Story: Corruption of the Land Title System

By: Thursday April 19, 2012 11:22 am

We’re talking about massive, massive fraud. And this is what the state Attorneys General and the federal regulators gave up, in exchange for their non-investigatory investigation.

Pity the Poor Judges

By: Monday February 27, 2012 4:15 pm

I just thought of something, if it is now acceptable to use forged and perjurious documents in foreclosure cases, DOCX, LPS and the other document mills have a huge new market available to them with homeowners. If forged and backdated allonges and assignments are OK, so too should be forged Satisfactions of Mortgage. Once the homeowner obtains a forged SAT from a document mill and files it with the county clerk, in theory, shouldn’t their foreclosure case be dismissed?

Report: Massachusetts, Nevada Would Have to Give Up Foreclosure Fraud Suits to Join Deal

By: Monday February 6, 2012 11:20 am

Last week it seemed Eric Schneiderman’s suit against MERS and three banks using MERS represented a carve-out on the final foreclosure fraud settlement. There was speculation that other states might have carve-outs or grandfathered suits, so they would be able to pursue those investigations and prosecutions and still join the settlement. But Bloomberg reports today that some states with active lawsuits would have to settle them as part of the deal.

LPS Uses Bogus Florida IG Report on Firing of Foreclosure Fraud Investigators in Motion to Dismiss Nevada Lawsuit

By: Tuesday January 31, 2012 2:00 pm

In a recent filing in Nevada, mortgage servicer LPS used the whitewash IG report from Florida — after the Fla. AG dismissed the two attorneys gathering evidence on LPS — to justify the dismissal of their lawsuit in Nevada. LPS lobbyists more recently urged the Florida AG’s office to intervene on their behalf in a criminal case in Michigan. The connections between the Florida AG’s office and LPS just continue to grow.

Florida AG Office Encouraged to Intervene on Behalf of Foreclosure Fraudster LPS

By: Wednesday January 11, 2012 12:15 pm

There’s new evidence emerging about Florida AG Pam Bondi and her ties to the foreclosure industry in Florida. These include the usual financial ties, but also the sense that the Florida AG’s office was a no-go zone for investigations against banks, servicers and the entities that pushed foreclosure fraud. They even urged other states’ AGs to go easy on foreclosure fraudsters.

IG Report Whitewashes Firing of Foreclosure Fraud Investigators in Florida

By: Monday January 9, 2012 9:30 am

A remarkable report from an Inspector General in Florida not only clears the state Attorney General’s office for the firings of two foreclosure fraud investigators, it accuses bloggers and advocates of dictating and controlling investigations, sometimes for nakedly personal reasons. It has all the signs of a whitewash.

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