Adam Levitin: Did Scott Brown Facilitate Predatory Loans? LPS, DOCX, Lender Processing Services Connections to Foreclosue Fraud

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Adam Levitin: Did Scott Brown Facilitate Predatory Loans? Connections to Foreclosue Fraud

Adam Levitin: Did Scott Brown Facilitate Predatory Loans? Connections to Foreclosue Fraud

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There’s no question that we at the Slips take a particular interest in the Massachusetts Senate race. But usually we don’t have much to say about it. Still, something Scott Brown said today struck me as rather significant–much more so than a lot of the things that have been covered in the media about the Senate race. 

It turns out that Senator Scott Brown (R-Mass.) is a real estate attorney among other things. (Beats modeling, I guess.) Brown apparently did real estate closings and title work.  His clients included local banks as well as some “mortgage companies,” including some that are no longer in business, as well as Fidelity National and First American, two large real estate services companies that provide a range of services, including relating to foreclosure.  Fidelity National, is also the former parent of LPS, which owned DocX, the document forgery firm featured on 60 Minutes and home of the Robosign. LPS is under a consent order with the Federal Reserve Board for its servicing activities, and DocX was criminally indicted by Missouri (and subsequently settled). Brown was doing work for Fidelity National when it still owned LPS.

[CREDIT SLIPS]

image: NPR.org

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One Response to “Adam Levitin: Did Scott Brown Facilitate Predatory Loans? Connections to Foreclosue Fraud”

  1. Ken Hansen says:

    Many politicians, as we already know and understand, are captured.
    Not to sound conspiratorial, but perhaps we should be holding elections for Banks, since they have money and access. It appears Brown was working with companies proven to have participated in fraud. No way to “rinse that one off”, but they’ll try.

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