Lorraine Brown, Convicted Fraudulent Mortgage Document Preparer, Charged With Racketeering By State of Michigan

By: Monday November 26, 2012 10:00 am

The pile-on for Lorraine Brown continues. When we last left this story, Brown, the former President of fraudulent document processor DocX, pleaded guilty in federal court to one count of wire and mail fraud, and agreed to face a sentence of up to five years in prison. The state of Missouri also reached a plea [...]

Registers of Deeds’ Work Gets Newfound Attention

By: Monday March 26, 2012 12:44 pm

Visit msnbc.com for breaking news, world news, and news about the economy Last Friday, Rachel Maddow featured Jeff Thigpen the courageous register of deeds in Guilford County, North Carolina, who has sued MERS and leading banks over faulty documents filed at his office. Rachel calls it an “exclusive” though I had the Thigpen lawsuit for [...]

Nevada Indicts Two LPS Employees on 606 Counts of Robo-Signing

By: Thursday November 17, 2011 6:10 am

A grand jury in Nevada yesterday indicted two title officers, Gary Trafford and Gerri Sheppard, on 606 counts of robo-signing between 2005 and 2008, a scheme that resulted in the fraudulent filing of tens of thousands of other documents with the Clark County register of deeds. This has the potential to be a groundbreaking case; [...]

Delaware AG Beau Biden Sues MERS

By: Thursday October 27, 2011 10:55 am

New York Attorney General Eric Schneiderman has received a lot of the headlines for his no-holds-barred investigations against the banks, but he’s had a partner in Delaware’s Beau Biden. Because New York and Delaware were where most of the securitization trusts were originated, having a united front on this issue of fraud is vital, and [...]

Dallas County Sues MERS for Unpaid Recording Fees

By: Friday September 23, 2011 12:16 pm

The big meeting on the dead-on-arrival foreclosure fraud settlement is today. Banks may have actually shown up to this meeting, whereas they blew off the last one, so I guess that’s progress. But the fact that six Democratic AGs have said they wouldn’t sign a deal that releases the banks from liability without a vigorous [...]

Robo-Signing’s Rich History: Dates Back to the Late 1990s

By: Friday September 2, 2011 7:30 am

The registers of deeds have done the best job I’ve seen of actually investigating the prevalence of false documents in the mortgage business. And here’s a new one: a review of their land records shows that the banks have used robo-signers for well over a decade. Titles have been compromised for all that time. Counties [...]

Massachusetts AG Coakley: I Won’t Sign Away Liability Over MERS in Foreclosure Fraud Settlement

By: Monday July 25, 2011 2:19 pm

Massachusetts has joined several other states in saying they would oppose a foreclosure fraud settlement if it includes certain liability releases, particularly those relating to MERS. Massachusetts Attorney General Martha Coakley (yes, that Martha Coakley) wants to retain the ability to pursue lawsuits against the banks and their subsidiaries over state consumer protection violations and [...]

Weak Settlements Over Mortgage Abuses Should Give State AGs Pause

By: Thursday July 21, 2011 7:35 am

Two settlements came down yesterday on mortgage-related issues that detail the expected inadequacy of a global settlement among state Attorneys General. First, Countrywide, now part of Bank of America, has finally figured out how to divy up $108 million among borrowers they screwed over. More than 450,000 borrowers who were charged excessive fees by Countrywide [...]

Hearings Planned on Continued Robo-Signing

By: Wednesday July 20, 2011 7:30 am

In addition to some lawmakers calling for increased regulation, oversight and enforcement after revelations of continued robo-signing, others with the ability to call hearings into the matter have announced that they would do so. Sen. Sherrod Brown, D-Ohio., chair of the Financial Institutions and Consumer Protection Subcommittee, said the subcommittee will hold a hearing on [...]

The Banks Are Still Robo-Signing

By: Tuesday July 19, 2011 6:38 am

Remember that whole thing about the banks using armies of Wal-Mart castoffs and entry-level employees to sign affidavits attesting to the legitimacy of complicated mortgage documents without knowing any of the contents inside? Remember how they took responsibility for that and said they were halting foreclosure operations until they figured things out? Remember how they [...]

Register of Deeds John O’Brien Releases Forensic Study, Finds Mass Fraud in Foreclosure Docs

By: Thursday June 30, 2011 2:58 pm

Longtime readers know I’ve been covering the registers of deeds, county officials who wield some degree of power in the case of foreclosure fraud, because they hold in their offices a good deal of physical evidence about mortgage assignments and associated documents. Jeff Thigpen, the register of deeds for Guilford County, North Carolina, did a [...]

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