07 Feb 2012

FINALLY! Forgery and False Statements Indictment Handed Down

I thought I would die of old age before this day came. I published road maps to the state AGs back in 2010 explaining how robosigning was forgery and perjury and I thought no one “got” it. After all the pussyfooting around calling robo signed documents “sloppy paperwork” and loosey

50
06 Feb 2012

Schneiderman, Madigan and the Friday Before the Superbowl

Friday is usually a day for releasing news you don’t want anyone to notice. The Friday before the Super Bowl should be for news that you really want to be overlooked. So, it’s curious to me that both Illinois Attorney General Lisa Madigan and New York Attorney General Eric Schneiderman should both announce long awaited robosigning cases on that day.

0
06 Feb 2012

Schneiderman, Madigan and the Friday Before the Superbowl

Friday is usually a day for releasing news you don’t want anyone to notice. The Friday before the Super Bowl should be for news that you really want to be overlooked. So, it’s curious to me that both Illinois Attorney General Lisa Madigan and New York Attorney General Eric Schneiderman

34
31 Jan 2012

Robosigning = Smoking Gun for Multiple Fraud

Any deal that immunizes robosigning sabotages everything because the robosigning is the smoking gun. No one resorts to creating fabricated documents unless they are desperate and know they have no other hope of winning. It’s the illegal strategy equivalent of a Hail Mary Pass after time has run out. Had the robosigning never been exposed, they might have gotten away with winning through perjury, so the idea of immunizing it is preposterous.

0
31 Jan 2012

Robosigning = Smoking Gun

There are a few voices emerging suggesting that the current iteration of the “50 AG settlement” is somehow wonderful, or at least OK, because it only immunizes robosigning. “Only,” as if robosigning was some relatively benign peccadillo, instead of a massive conspiracy to commit forgery and perjury that is systematically

36
31 Jan 2012

Any Sort of Robo Signing Immunity Is a National Tragedy

Ay deal that includes immunity for robo signing means that fraudulent foreclosures will take off like a runaway train. The little guy will be irreparably harmed, again.

17
20 Jan 2012

Holder, Breuer, MERS bombshell

It seems Covington & Burling, the powerhouse law firm that used to employ, and could be expected to re-employ, Attorney general Eric Holder and Assistant Attorney General in charge of the Criminal Division Lanny Breuer is also the same firm that issued the opinion letter that said that MERS was a valid way to transfer mortgages.

0
20 Jan 2012

Holder, Breuer, MERS bombshell

This is an existential kind of conflict of interest. DOJ should have recused and sent the whole foreclosure fraud investigation to a special prosecutor

87
04 Jan 2012

David Stern Investors Admit Foreclosure Documents Were Forged

In 2010, the Law Offices of David J. Stern spun off the robo signing document mill part of his business into a separate, publicly traded company. Now the investors are suiing Stern, based on company document and evidence that show pervasive foreclosure fraud by the original company.

0
04 Jan 2012

David Stern Investors Admit Foreclosure Documents Were Forged

In 2010, the Law Offices of David J. Stern spun off the robo signing document mill part of his business into a separate, publicly traded company. Stern pocketed some $60 million from that deal. The investors got the company and all its documents, internal procedures and everything you would need

39