Comments on: Gretchen Morgenson | DocX Founder Pleads Guilty in Foreclosure Fraud – NYTimes.com

By: Sarah

Sarah — Wed, 21 Nov 2012 18:35:15 +0000

This is Morgenson. The NYT. She wouldn’t dare offend certain constituents. Plus she doesn’t have history right, intentionally:

“No governmental entity ever required any lender, or any purchaser of loans (and that includes Fannie and Freddie), to make liar’s loans.If Fannie and Freddie purchased large amounts of liar’s loans, then their controlling managers did so because liar’s loans’ higher short-term nominal yield maximized their near-term compensation – not because “the government” made them do so.” – Ritholtz

By: Louise

Louise — Wed, 21 Nov 2012 16:45:07 +0000

I see this as a very interesting aspect of the nightmare of foreclosures. Obviously, many homeowners who were in lawsuits of one kind or another have forged and fraudulent documents in their chain of title as well as fraud on the court. How do these facts affect foreclosures or loan mods or short sales? IMHO, some of these cases can be thrown out, and homeowners get restitution for loss of their house and damages.

By: Truenorth

Truenorth — Wed, 21 Nov 2012 15:14:51 +0000

Wonder how much the banks have paid her to take a two year vacation. I was hoping that the settlement was a diversion for the banks, where they thought they they were home free and would hang themselves with their new found freedom.

Banksters, politicians and even some Rothchilds have supposedly been ousted or arrested worldwide. Where is that coverage? Are they on vacation too?

By: Jason Werner

Jason Werner — Wed, 21 Nov 2012 15:00:15 +0000

“improper ducments used to evict troubled borrowers” get this garbage out of here; this article is so biased and in support of the banks by making it look like what thre banks did is merely “improper” and not illegal and felonious; and “troubled borrowers” are you serious? Was it not the banks begging for constant bailouts? Was is not the banks failing because they committed fraud and thus burned themselves???

By: Shelly

Shelly — Wed, 21 Nov 2012 14:54:14 +0000

In a statement, Mark Rosenblum, a lawyer for Ms. Brown in Jacksonville, Fla., said: “By negotiating a settlement to her situation and entering her guilty plea, Lori has started the process of getting on with the rest of her life.”

I’m so happy that she could get on with the rest of her life. What about the millions she illegally misplaced?