Robosigner Exec. has been indicted!!!!!!!

[dixiegrrrrl]

Feb. 7 (Bloomberg) -- Docx LLC, a unit of Lender Processing Services Inc., was charged in Missouri with forgery and making a false declaration related to mortgage documents it processed.

A grand jury in Columbia, Missouri, handed down the 136- count indictment against Docx and founder Lorraine Brown alleging that a person whose name appears on 68 notarized deeds of release didn’t actually sign the paperwork, Chris Koster, the state’s attorney general, said in a statement yesterday.

“When you sign your name to a legal document, it matters,” Koster said. “Mass-producing fraudulent signatures on millions of real estate documents across America constitutes forgery.”

Lender Processing, based in Jacksonville, Florida, says about half of all U.S. mortgages by dollar volume are serviced using its loan-servicing platform. The company will fight the charges, said Michelle Kersch, a Lender Processing spokeswoman.
http://www.businessweek.com/news/2012-02-07/lender-processing-unit-docx-indicted-in-missouri-for-forgery.html

136 counts, most of them felonies!

LPS created Docx to create, out of whole cloth, forged titles, notes, mortgages, for foreclosures, and was one of the first robo-signing outfits to be under suspicion.

[MannyGoldstein]

1. This has nothing to do with the Occupy movement, OK?

Nothing. Nothing at all. Masses in the streets calling for justice are irrelevant. This indictment would have happened anyway.

We need more austerity, not dirty hippies, 'kay? So eat your peas.

[Fuddnik]

6. Could I have some peas please?

I like peas. Especially Three Stooges style, mixed with mashed potatos!

[izquierdista]

2. If you want something done right.....

...quit waiting for Eric Holder to get off his ass.

[KT2000]

3. Good point

the states seem to be stepping up more than our Justice Dept.

[dixiegrrrrl]

5. Sadly not. Look at this:

More than 40 US states agree to nationwide foreclosure-abuse settlement, deal not yet final.

9:27 p.m. EST, February 6, 2012
WASHINGTON (AP) — More than 40 U.S. states have agreed to a nationwide settlement over foreclosure abuses.

The deal would force the five largest mortgage lenders to reduce loans for about 1 million households. And the remaining holdouts could sign onto a deal in the coming days.

Officials say that negotiators worked well into Monday night to persuade more states to join the settlement. There is growing optimism that California, Delaware, Nevada, New York and others will eventually sign on.

The reduced loans would benefit homeowners who are behind on their payments and owe more than their homes are worth. The lenders — Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial — would also send checks for about $2,000 to hundreds of thousands of people who lost homes to foreclosure.

this is the entire story, found at
http://www.orlandosentinel.com/business/nationworld/sns-ap-us-foreclosure-settlement-states,0,3587747.story

[KT2000]

7. OK - this is depressing

I don't think many politicians appreciate how people feel about these people getting away with what they have done. They will be facing ever increasingly cynical voters.

[dixiegrrrrl]

8. Just a reminder, from another source:

"Forgery is a Class C felony and False Declaration is a Class B misdemeanor. If convicted on the most serious count, Brown could face up to seven years in prison for each count. DOCX could be fined up to $10,000 for each forgery conviction and $2,000 for each false declaration conviction."

You know, this may put a cramp in the mortgage fraud settlement, esp if enough people tell the WH AND Dem candidates how much we are against it.

[Hugin]

9. A check for $2000?

Not much for someone who has lost their biggest investment... I'll be watching this one for fiscal foolishness like the TBTF giving out coupons or fee laden debit cards as part of the "Settlement".

[Ohio Dem]

4. If I were them,

I'd waive a jury trial and hope the judge is a 1%er. A jury of regular people will hand them their asses.