Mortgage servicers still lying in court

Reuters ^ | 9/1/11 | Felix Salmon

[Kartographer]

American Banker’s Kate Berry has a fantastic piece of reporting today, under the headline “Robo-Signing Redux: Servicers Still Fabricating Foreclosure Documents”. Among her discoveries is this document, dated August 3, 2011, wherein Tonya Hopkins signed over a mortgage in her capacity as Assistant Secretary of Sand Canyon Corporation. The problem with this? Sand Canyon hasn’t been in the mortgage business since 2009, and Tonya Hopkins doesn’t work for Sand Canyon: she works for American Home Mortgage Servicing Inc.

[Kartographer]

After reading this I don't no if I should laugh or cry.

[Kartographer]

PING!

[Retain Mike]

I have a dim memory from the days of NYSE specialists making millions through trading stocks assigned to them of a day when the NYSE locked up completely because the back office submerged under the paperwork.

Several years back I held a bunch of secondary market GNMA pools and sometimes wondered who was keeping track of interest and principal payments on these mortgage pools. With the current trend of revelations I would not buy one.

[Advil000]

The relevant question has not yet been asked.

If you want to put someone in jail, make an example and start the snowball rolling downhill to clean up the mess.

This can be done by finding the person who created that document. SOME PERSON, even if in front of a computer had to create that forged document. Had to SELECT the robosignature of Tonya Hopkins. THIS PERSON KNOWINGLY ENGAGED IN FORGERY. ——> START THERE <——

The only way that person could be innocent, would be if a computer program, set up some time in the past was autogenerating these forms and snowing the otherwise innocent employees feeding the information in, that the real person was indeed out there approving use of their signature.

If THAT IS THE CASE, the go FIND THE PROGRAMMER. THAT PERSON KNOWINGLY CREATED SOFTWARE TO FORGE SIGNATURES because it doesn’t require the actual person to approve use of their robosignature. The creator of the software cannot be found? GO FIND THE HEAD OF THE IT DEPARMENT IN CHARGE OF THE SOFTWARE. THEY ARE KNOWINGLY FORGING SIGNATURES.

And if THEY SAY THEIR BOSS MADE THEM DO IT?!?!

FINALLY! We will be getting somewhere.

(Sorry, I just can’t stand this stuff. It’s like real life was replaced by an episode of The Prisoner. No answers, only endless questions.)

[Kartographer]

"(Sorry, I just can’t stand this stuff. It’s like real life was replaced by an episode of The Prisoner. No answers, only endless questions.)"

May be we are all on the island in the TV series 'Lost' and just don't know it. ;-)

[Wolfie]

Jail? Surely you jest. The last I heard, the Feds were working on a deal to bail out the banksters (again) by cutting a deal with any homeowners who challenge foreclosure (using taxpayer money, of course).

[Minus_The_Bear]

Greed is a terrible thing. If people are never punished for their crimes it eats away at the entire system. We have gone decades without anyone ever going to prison in the financial sector.

This is how the Socialists are winning. They are falsely attacking our current system of crony capitalism and facisim as "the free market."

[SaraJohnson]

This is how the Socialists are winning. They are falsely attacking our current system of crony capitalism and facisim as “the free market.”

---

Well stated. Also in humanism there is right and wrong are all relative so there are not ethical ground from which to prosecute the banking shysters. They have us in check.

[Lancey Howard]

We have gone decades without anyone ever going to prison in the financial sector.

Occasionally they find somebody like Bernie Madoff or Michael Milken that they can turn into high profile poster children, like the IRS does with people like Pete Rose and Wesley Snipes.

[RideForever]

There is a case in California where the foreclosing trustee submitted a declaration of non-monetary status, and the objection pointed out 3 instances of felony false recording of title documents. Among other things the Court was requested to note the recent SCOTUS decision where corporations were granted individual rights to make campaign contributions. The homeowner suggested that with rights come responsibilities, and that the Chairperson of the board of the trustee company should serve the time (2 - 4 years, no probation) unless an employee is forthcoming who is found to have committed the felonies in disobedience of company policy.