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Former Florida mortgage executive pleads guilty to widespread robo-signing

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A mortgage is a debt instrument, secured by the collateral of specified real estate property, that the borrower is obliged to pay back with a. American consumers are vastly under-educated about the mortgage process, according to a new survey from Fannie Mae.

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A former executive of a major document processing firm pleaded guilty to federal and state charges related to "robo-signing" – the widespread fabrication and improper notarization of mortgage documents – in Florida and Missouri earlier this month.

On Nov. 20, 2012, Brown pleaded guilty to conspiracy to commit mail and wire fraud. Brown was an executive at LPS and the chief executive of DocX LLC, which was a wholly-owned subsidiary of LPS, until it was closed down in early 2010. DocX’s main clients were residential mortgage servicers, which typically undertake certain actions for the.

I would put money on 2012 being a bigger year for foreclosures than 2010,’ said Mark Seifert, executive director of Empowering & Strengthening Ohio’s People (ESOP), a counseling group with 10 offices.

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Nov 20 (Reuters) – A former executive at a mortgage records company pleaded guilty on Tuesday to a scheme to file fraudulent documents used in foreclosures, a rare prosecution of a top-level.

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JEFFERSON CITY – The former head of a company where workers forged signatures on mortgage documents pleaded guilty to a federal charge in Florida on Tuesday. Lender Processing Services Inc. "The.