June 2013

DOJ: Former LPS Executive Sentenced to Five Years in Prison for Document Fraud Scheme

June 25, 2013 Mark Cullen

Via USDOJ:
Former Executive at Florida-Based Lender Processing Services Inc. Sentenced to Five Years in Prison for Role in Mortgage-Related Document Fraud Scheme

Over 1 Million Documents Prepared and Filed with Forged and False Signatures, Fraudulent Notarizations

A former executive of Lender Processing Services Inc.… [Read More]

New Article on Ratings Agency Corruption by Matt Taibi

June 19, 2013 Mark Cullen

The Last Mystery of the Financial Crisis via Rolling Stone:

What about the ratings agencies?

That’s what “they” always say about the financial crisis and the teeming rat’s nest of corruption it left behind. Everybody else got plenty of blame: the greed-fattened banks, the sleeping regulators, the unscrupulous mortgage hucksters like spray-tanned Countrywide ex-CEO Angelo Mozilo.

[Read More]

Homeowner Protections in Lynn, MA

June 19, 2013 Mark Cullen

Via Massachusetts Alliance Against Predatory Lending and Essex South Register of Deeds Office:

 

Lynn Massachusetts implements strongest homeowner (and neighborhood and local bank) protections in face of foreclosures in the U.S. 

June 18th: as of yesterday, the City of Lynn Massachusetts instituted the strongest municipal protections against the negative impacts of the foreclosure crisis in the U.S.

[Read More]