LPS settles Foreclosure Fraud criminal probe with DOJ for $35 Million

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LPS settles Foreclosure Fraud criminal probe with DOJ for $35 Million

LPS settles Foreclosure Fraud criminal probe with DOJ for $35 Million

How long did it take for them to make this cash and what happens to the over 1 MILLION fraudulent documents to homes?

Did anyone bother to check on the assignments created in 2008 for the Bain v Metropolitan case out of Washington executed by Bethany Hood and Christina Allen? If not, this did not involve Lorraine Brown or DocX. Just a hint.

Not to mention the connections of a former attorney, George Anhang from both Covington & Burling and Dewey & LeBoeuf law firms that represented LPS in the defense of a securities class action…which also settled recently.

Reuters-

The mortgage servicing company Lender Processing Services Inc has agreed to pay $35 million to resolve a federal criminal investigation into foreclosure fraud, the U.S. Department of Justice said on Friday.

The settlement resolves allegations over the Jacksonville, Florida-based company’s involvement in what the government called a six-year scheme to prepare and file more than 1 million fraudulently signed and notarized mortgage documents in property recorders’ offices nationwide.

It followed a guilty plea last November by Lorraine Brown, the former chief executive of LPS’ DocX LLC unit, to a felony charge of conspiracy to commit mail and wire fraud over the scheme, which ran from 2003 to 2009.

[REUTERS]

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10 Responses to “LPS settles Foreclosure Fraud criminal probe with DOJ for $35 Million”

  1. Rob Harrington says:

    “Flor’duh”

    (Sang to the tune of “Dixie”)
    – Rob Harrington

    Life’s not good in the land of beaches,
    our home loan stinks like rotten peaches.
    Steal away! Steal away! Steal away, Flor-i-duh.

    In Flor-i-duh where we were raped in,
    the bankers steal and the A.G.’s winkin’,
    Steal away! Steal away! Steal away, Flor-i-duh.

    (Chorus)
    Oh I wish I weren’t in Flor-i-duh, today, today.
    In Flor-i-duh they’ll steal your land,
    and give it to their brother.
    For free, for free, with just photo-shops of blue notes.
    For free, for free, no justice and without hope.

    5 years later in our foreclosure,
    our mouthpiece took our last darn dollar,
    Steal away! Steal away! Steal away, Flor-i-duh.

    I’ld love to grab the other lawyer,
    and drown his sad-@$$ in swamp-water,
    Steal away! Steal away! Steal away, Flor-i-duh.

    (Chorus)
    In Flor-i-duh the pirates thrive, today, today.
    In Flor-i-duh they’ll make their hay,
    and stick it to the tourists,
    OK, OK, the gub’ments just as worthless.
    OK, OK, they’ll kick you down when homeless.

    I wish I knew about the way the wind blows,
    my life just washed into the ocean.
    Steal away! Steal away! Steal away, Flor-i-duh.

    There’s lot’s of work throughout our coastline,
    6 bucks an hour behind a fry-line.
    Steal away! Steal away! Steal away, Flor-i-duh.

    (Chorus)
    Oh, I wish I weren’t in Flor-i-duh, today, today.
    In Flor-i-duh they’ll steal your land,
    and give it to their brother.
    For free, for free, with just photo-shops of blue notes.
    For free, for free, no justice and without hope.

    I’m glad I can’t afford the ammunition,
    ‘cause I don’t wanna spend my life in prison.
    Steal away! Steal away! Steal away, Flor-i-duh.

    So, ya’ll come down and move to Flor’duh.
    ‘cause we’re just in business just to (**bleep**) ya.
    Steal away! Steal away!
    Steal awaaaaaaaaaaaaaay,
    Flor-i-duhhhh!

    WELCOME TO FLORIDUH!
    (“Ya’ll come back now, ya hear?”) http://www.floridabankerswhorehousebill87.com/FL_Banker__Best_Lover_.html

  2. JIMI says:

    JAIL ALL THE JUDGES THAT KNEW THE PAPERS WERE FRAUD AND LET THE BANKSTERS STEAL THE HOMES ANYWAY

  3. Sarah says:

    Allowed to “settle” for pennies. Another example of new level of corporate “neither admit nor deny” business behavior. Pay a token fine and continue on as if nothing happened. Incredible.

  4. papergate says:

    What I don’t get is how can they take funds as settlement that were obtained by fraudulent means – fraud – thus the penalties are being paid by the fraudulently obtained funds from false documents, etc., that were used to commit the admitted fraudulent conduct by Brown – also – who is that money going to benefit? Since the law enforcers are already paid ’employees’ of the taxpayers – why are these agencies getting funds that should go to those actually harmed from the illegal conduct, directly to the homeowners, and not funneled through agencies that did not participate in damages or were in fact themselves injured – only the homeowners were capable of being injured in this matter. I don’t see a single set of terms that state the sums will go to compensate homeowner’s only – legal ‘costs’ should not be considered – fees, yes, but aren’t fees waived for governmental agencies anyhow so aside of filing and court fees, the only thing left would be depositions, outside non-governmental vendors. So they get millions of dollars and the homeowner’s seriously injured get -0- bupkis…

  5. keepon says:

    http://nlpc.org/stories/2012/02/20/states-obama-shake-down-banks-25-billion-mortgage-settlement

    States, Obama Shake Down Banks in $25 Billion Mortgage Settlement
    Submitted by Carl Horowitz on Mon, 02/20/2012

    The settlement, say supporters, will compensate homeowners for prior predatory lending practices, reform the banking industry and give the economy a boost. But the context of the case suggests an ULTERIOR MOTIVE: SOCIALIZING THE HOUSING MARKET.

  6. keepon says:

    Pledge allegiance to Lorraine Brown who is LPS which is Covington Burling which is Lanny Breuer & ERIC HOLDER DOJ United States of America.

  7. keepon says:

    Just as in our fraudulent allonges, ERIC HOLDER is on BOTH SIDEs relieving us of our property, delivering guns to Mexico, & not prosecuting the cartel HSBC incessant/chronic violator of NUmerous DPAs. When’s their last “last chance?”

  8. no names, please says:

    Oh, goodness.
    This “scheme” had been going on longer than–what’d they say? Six years? Anyone who can READ can READ The Summit, LPS’s newsletter, and see that LPS was doing its thing to the point of wanting to brag about it back in 2001. Let’s face it: LPS’s fraudulent robosigned, backdated, forged, and god knows what else documents were used by all the major banks and their attorney shills as the necessary foundation for hundreds of thousands of foreclosure and bankruptcy actions all over the country. So these settlements turn out to mean that the cost per home taken with fraud as the underpinning is what? $50? $60? It’s somewhere in that range.
    This looks like an enormously lucrative business model to me!
    Use fraud, take the house, sell the house, make “contributions” to states’ attorneys generals in the name of every entity you can muster, and–years down the road–you pay a piddling fine.
    I don’t know why it is that we here in this paradise called foreclosure land know more about LPS, its inner workings, its relationships with banks and lawyers, its history, and its FRAUD than the frigging government.
    Why the hell is that??

  9. marilyn lane says:

    In reply to my simple question to William P fOLEY (CEO

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