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Same Person Forged Billions of Dollars Worth of Mortgage Documents for Bank of America, Wells Fargo, U.S. Bank and Dozens of Other Lenders and Shells

George Washington's picture




 

The Washington Post notes:

 

In
Georgia, an employee of a document processing company, Linda Green, for
years claimed to be executives of Bank of America , Wells Fargo, U.S.
Bank and dozens of other lenders while signing off on tens of thousands
of foreclosure affidavits. In many cases, her signature appeared to be
forged by different employees.

 

Green worked for a foreclosure
document company owned by Lender Processing Services. The company is
being investigated by a U.S. attorney in Florida for allegedly using
improper documentation to speed foreclosures.

 

Lenders have already started to withdraw foreclosures that had Green's name on them.

 

Green also submitted to courts documents that listed "Bogus Assignee"
as the owner of a mortgage instead of the real name. In another case,
she signed as the vice president of "Bad Bene," a made-up company.

***

 

"There
are procedures to be followed in order to get a foreclosure, and you
either get it right or not. Either you're pregnant or not. There's no
in-between," [Arthur M. Schack, a Kings County Supreme Court judge in
Brooklyn,] said

Foreclosure attorney Lynn Szymoniak located numerous signatures of "Linda Green" from pleadings filed in various courts.

StopForeclosureFraud.com has rounded up some examples of "Linda Green's" signatures in one image:

In February 2010, 4ClosureFraud.org posted one of Green's signatures on an assignment of title to "Bogus Assignee":

 

Szymoniak pointed out in July:

There are examples of the many different Linda Green signatures/forgeries. Green’s “signature” appears on HUNDREDS OF THOUSANDS of mortgage assignments – as an officer of at least 20 different banks and mortgage companies.

 

Doing the Math

 

The
total mortgage loan amount on 500 “Linda Green” Mortgage Assignments
is $126,956,912, or approximately $125 million for each 500
Assignments. The average output of Assignments from the Docx office in
Alpharetta [Green's actual employer], Georgia in 2009 was 2,000
Assignments per day.

 

This would be equivalent to (4 x $125
million) or $500 million each day. Assuming that Docx operated 5
days a week for 51 weeks (allowing for holidays), the office was open,
producing Assignments, 255 days. It
is likely that the Linda Green/Docx crew prepared and filed Mortgage
Assignments showing One Hundred Twenty-Seven Billion, Five Hundred
Million ($127,500,000,000) in mortgages were Assigned in 2009.

Remember also that Mortgage Electronic Registration Systems - which Green repeatedly signed for - is itself a shell company which holds 60% of all American residential mortgages.

DocX is also the company which published price lists for forging documents, including such gems as:

"Create Missing Intervening Assignment" $35

"Cure Defective Assignment" $12.95

"Recreate Entire Collateral File" $95

Given
the above, it is clear why the Florida Attorney General has issued a
subpoena to Linda Green's real employer - DocX - requesting the
following documents:

2. Copies of any and all
underlying documentation that allows for your employee or ex-employee,
Linda Green to sign documents in the following capacities:

 

a. Vice President of Loan Documentation, Wells Fargo Bank, N.A. successor by merger to Wells Fargo Home Mortgage, Inc.;

 

b. Vice President, Mortgage Electronic Registration Systems, Inc. as nominee for American Home Mortgage Acceptance, Inc.;

 

c. Vice President, American Home Mortgage Servicing as successor-in-interest to Option One Mortgage Corporation;

 

d. Vice President, Mortgage Electronic Registration Systems, Inc. as nominee for American Brokers Conduit;

 

e.
Vice President & Asst. Secretary, American Home Mortgage
Servicing, Inc., as servicer for Ameriquest Mortgage Corporation;

 

f. Vice President, Option One Mortgage Corporation;

 

g. Vice President, Mortgage Electronic Registration Systems, Inc. as nominee for HLB Mortgage;

 

h. Vice President, American Home Mortgage Servicing, Inc.;

 

1. Vice President, Mortgage Electronic Registration Systems, Inc. as nominee for Family Lending Services, Inc.;

 

J. Vice President, American Home Mortgage Servicing, Inc. as Successor -ininterest to Option One Mortgage Corporation;

 

k. Vice President, Argent Mortgage Company, LLC by Citi Residential Lending, Inc., attorney-in-fact;

 

1. . Vice President, Sand Canyon Corporation f/kJal Option One Mortgage Corporation;

m. Vice President, Amtrust Funsing (sic) Services, Inc., by American Home Mortgage Servicing, Inc., as Attorney-in -fact;

 

n. Vice President, Seattle Mortgage Company.

 

3. Copies of every document signed in any capacity by Linda Green.

Subpoena DT to Docx L.L.C

Of course, its not just Linda Green.

As Szymoniak points out:

 

The offices of Lender Processing Services in Mendota Heights, Minnesota, seems likely to also have produced 2,000 Assignments each working day.

 

Jeffrey
Stephan from the GMAC offices in Montgomery County, Pennsylvania also
is likely to have produced 2,000 Assignments each day.

 

Bryan Bly of Nationwide Title Clearing also is likely to have produced 2,000 Mortgage Assignments each day.

 

Scott Anderson of Ocwen Loan Servicing in West Palm Beach, Florida, almost certainly produced an average of 2,000 Assignments a day.

 

Herman John Kennerty of America’s Servicing Company in Ft. Mill, South Carolina, also is likely to have produced 2,000 Assignments each day.

 

Erica Johnson-Seck was almost certainly producing Assignments at this same level for IndyMac.

 

Christina Trowbridge, Whitney Cook, and Stacy Spohn of Chase Home Finance in Franklin, Ohio likely had the same output.

 

Keri
Selman and Renee Hertzler of BAC Home Loan Servicing (formerly
Countrywide) in Texas almost certainly produced an average of 2,000
Assignments a day.

 

If these nine offices each produced 2,000
Assignments a day, the value of the Mortgage Assignments filed by all
nine offices in 2009 was One Trillion, One Hundred Forty Seven Billion, Five Hundred Million ($1,147,500,000,000).

 

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Fri, 10/15/2010 - 07:47 | 652195 Monday1929
Monday1929's picture

Now we know where all the lost jobs went to- Linda Green! Unemployment should drop to 3% now. Productivity will drop, though.

Fri, 10/15/2010 - 07:22 | 652169 sudzee
sudzee's picture

I wonder if everyone could simply order a set of documents from DOCX and do them up yourself. Hell, if the courts accepted fraudulent documents from parties who stated they knew nothing about what they were even signing, I don't see why the courts shouldn't acccept the same documents from people who knew exactly what they were signing for.

 

just sayin.

Fri, 10/15/2010 - 07:24 | 652168 DukkButt
DukkButt's picture

Just saw an ad for an auction of Notes backed by real estate in Arizona. Most of them were non-performing. The starting bid for the non-performing notes ran from about 10% of the amount owed (for bare land) to about 30% (for apartments). Notice that they weren't foreclosing and selling the properties, just the Notes! I guess someone is desperate to get the junk off their books before everything explodes. If the price is cheap enough, someone will take the risk and hope for a profit. Now for the hard questions - what does this mean? What are the implications?

Fri, 10/15/2010 - 07:20 | 652165 Moonrajah
Moonrajah's picture

I'm planning on setting up a cow-farm. With all the milk they produce I will need to find an efficient butterchurner. I heard this gal, Linda Green, can churn like the devil. Know where I can find her? I'm willing to pay top dollar if she's as good as they say she is.

Fri, 10/15/2010 - 06:46 | 652143 cranky-old-geezer
cranky-old-geezer's picture

I'm amazed how many folks whine about the possibility of someone getting a house without having to pay for it.

If politicians get someone's assets (maybe even a home) without paying for them because they committed a drug crime, do people whine about that?  No.

If someone gets a home without paying for it because the bank committed a real estate crime, do people whine about that?  Yes.

Why the double standard?

Fri, 10/15/2010 - 05:37 | 652112 Atlas McDowell
Atlas McDowell's picture

Egg management fee.

It's an egg management fee.

Fri, 10/15/2010 - 01:35 | 651938 tallystick
tallystick's picture

I've got a Brian Bly.  I'll trade somebody one of my Brian Bly rookies for a Linda Green sig.  Any takers?

Fri, 10/15/2010 - 01:02 | 651921 chindit13
chindit13's picture

Linda Green will be taking her place in history alongside Kilroy.  She was definitely "here".

Fri, 10/15/2010 - 01:29 | 651934 CustomersMan
CustomersMan's picture

Here's the Advertisement for Lender Processing Services and their exemplary work to streamline the process:

What could have gone wrong? They seemed like nice people.

******************************************

Transforming How Mortgage Lenders and Servicers Do Business

Lender Processing Services (LPS) is the nation's leading provider of mortgage processing services, settlement services, mortgage performance analytics and default solutions. The company's high-performance technology, data and services empower lenders and servicers by providing them with the solutions they need to achieve their business goals and succeed in today's competitive marketplace.

A majority of the 50 largest U.S. banks rely on LPS' comprehensive offerings and award-winning services and support to power their businesses and sharpen their competitive edge.

Find out how LPS' end-to-end mortgage value chain can help you reduce costs, minimize risk and better manage volume fluctuations. Contact us today to harness the expertise and proven solutions that you need to take your business to the next level.

Copyright © 2010 Lender Processing Services, Inc., All rights reserved.
601 Riverside Avenue, Jacksonville, Florida 32204, USA.
Fri, 10/15/2010 - 05:25 | 652110 chindit13
chindit13's picture

And contact our Human Resources Department to hear about the exciting career opportunities in the fast-growing field of home foreclosure.*

 

*Preference will be given to those named Linda Green.

Thu, 10/14/2010 - 22:14 | 651642 Oh Lawrd
Oh Lawrd's picture

You missed the other LPS company in MN. The sigs from there.

http://stopforeclosurefraud.com/lps-101/

Thu, 10/14/2010 - 19:24 | 651158 Eldo
Eldo's picture

Did a lot of 2nd mortgages (if properly documented) just become first mortgages?  Let's say the 2nd mortgage or HELOC with your local credit union, held in portfolio, notarized by the lady with fat upper arms, signed by real bank officers, the note held in the files and properly recorded.

Thu, 10/14/2010 - 19:07 | 651104 DosZap
DosZap's picture

Did I just miss it?

I didn't see Urban Roman on there?.

Thu, 10/14/2010 - 20:39 | 651380 Zerohedge fan
Zerohedge fan's picture

that poor guy run out of ink.

Also got A CRIPPLING HAND DISORDER

Thu, 10/14/2010 - 20:05 | 651270 George Washington
George Washington's picture

Urban Roman is an Urban Myth.

Seriously, though, how many did he sign?

Thu, 10/14/2010 - 20:17 | 651306 Eldo
Eldo's picture

Urban Roman, meet suburban Visigoth.

Thu, 10/14/2010 - 21:53 | 651598 Oligarchs Gone Wild
Oligarchs Gone Wild's picture

Urban Roman backstory > http://www.zerohedge.com/article/4closurefraud-exclusive-part-deux-%E2%8...

story/comments has more on Roman.

He was VP for several banks, yet he worked for a title clearing company that shared the same address as a company called "homeside lending".

Thu, 10/14/2010 - 22:05 | 651625 Eldo
Eldo's picture

I read all that at the time but I missed the part where he was identified as a real person.

Fri, 10/15/2010 - 06:42 | 652141 Oligarchs Gone Wild
Oligarchs Gone Wild's picture

The furthest I was able to get was a Urban C Roman who should be in his 60's and living in California.  The proximity, name and uniqueness of his name suggests that he is indeed a real DNA based lifeform and not of the electron/photon makeup.

It would be rather amusing to see if he has a copy of Obama's loan documents that he keeps as a memento of his robo-signing days of glory in yesteryears.

Thu, 10/14/2010 - 18:59 | 651076 Ckierst1
Ckierst1's picture
Is it rational for a borrower, in good standing, to continue paying off a mortgage or deed of trust if there is some reasonable likelihood (not sure what that is yet - MERS recording?) that the chain of title has been broken, owing to faulty, flawed, and, perhaps, even fraudulent recording practices that may be associated with securitization, and the lender or trustee cannot, therefore, deliver clear title after the period of the loan is over and it has been satisfied? In other words, does this securitization/"robosigning" practice even pose a threat to the delivery of a good title for satisfactorily paying off the loan?
Thu, 10/14/2010 - 19:05 | 651098 Oligarchs Gone Wild
Oligarchs Gone Wild's picture

YES. See my above post. What the banks have succeeded in doing was spinning this that it was about "fraudclosure" where there would still be people (as there have been on this board) saying, well fuck, even though the signatures are forged, the buyers are still deadbeats!

It applies to everything involved in the MBS, loaning, ponzi, black hole, alchemy, FIRE, fraud economy.

The only thing holding it up is religion that hasn't been disproved by the majority.

Thu, 10/14/2010 - 19:04 | 651088 sgt_doom
sgt_doom's picture

I think you need to take a gander at this fellow's site below:

http://www.chinkinthearmor.net/

And ultra-great post, GW, thanks a heap for the due diligence on this booger, big guy!

 

Thu, 10/14/2010 - 18:47 | 651031 Oligarchs Gone Wild
Oligarchs Gone Wild's picture

The point that I don't see mentioned in this piece is that all of the TBTF banks or the founders of MERS (those are interchangeable terms) actually signed paper work authorizing Linda Green and Urban Roman to sign as Vice Presidents of the TBFT banks on their behalf.

That means when you go down to the local registry of deeds (or look at your online website version if you are lucky) that when you see the name "Vice President" for the financing company in your docs - that they are some fuck most likely like Linda or Urban working for some 3rd party shit shell company behind MERS shit shell company.

Now as CD always suggests - read that two more times to let that sink in.  Most likely, the VP signature you see on your loan is not someone that has a god damn fucking thing to do with the bank you borrowed from and may actually be two or three steps removed in shit shell companies and also their janitor.

Is this an episode of the Sopranos or where you send the majority of your productivity every month?

Merry Christmas

Thu, 10/14/2010 - 19:16 | 651135 Charles Mackay
Charles Mackay's picture

Linda 'skynet' Green and Urban 'skynet' Roman signitures don't mean a damn freaking thing, since they are so far removed from the reality of what's happening here.  So I don't even care if they are prosecuted for fraud (if you can prosecute a computer system for fraud).

But if I had owned any mortgage backed securities I would be looking for the place I sign on to the $trillion lawsuit against the organizers of the mortgage pool.

 

 

 

Thu, 10/14/2010 - 18:27 | 650985 Goldfinger
Goldfinger's picture

Riddle me this... If the credit is given by the borrower to himeself, why is there an investor involved who holds a bond? I am sort of getting this money out of thin air, but not completely. It's getting confusing.  Can the banks lend 10x the money or just .9 of the money and this self funding of loans vs mbs with investors.  Is there a place that explains all the money creation mechanisms, not too complex terms but not in a 30 seconds cartoon either.

Thu, 10/14/2010 - 20:16 | 651303 FatFingered
FatFingered's picture

pdf page 414 of this document...

http://cafr1.com/STATES/FEDERAL-RESERVE/FR2008AR.pdf 

tells me there are no reserve requirements for transactions up to $9.3 million, 3 percent reserve requirements for transactions up to $43.9 million, and 10 percent for larger transactions.

Green is quite Linda.

 

Thu, 10/14/2010 - 19:02 | 651084 sgt_doom
sgt_doom's picture

Please read my previous comment, plus it would end up being from 100x to 160x to 200x....

Thu, 10/14/2010 - 18:35 | 651006 Geoff-UK
Geoff-UK's picture

Fed Reserve creates 10K and places at Bank "A", who then can create 90% of that in new loans so 9k, then 90% of that 9K can in turn create new loans so ...roughly 100k.  Whole thing is fucking ridiculous, but if you want to read up on the Willie Wonka Chocolate Factory we all live in:

http://en.wikisource.org/wiki/Modern_Money_Mechanics

<above can be hyperlinked-read, or download whole thing at same website>

Published by Federal Reserve Bank of Chicago.

Fri, 10/15/2010 - 02:38 | 651987 thermroc
thermroc's picture

Its worse than that. Check this out:

http://gregpytel.blogspot.com/2009/04/largest-heist-in-history.html

At 90% loan to deposit ratio, 10K turns into 100K, but at least the money created is finite.

Turns out the banks were loaning at over 100%, up to fucking 322% for a UK bank.

That means the money created spirals to infinity. No wonder the whole shit pile blew a fuse.

Thu, 10/14/2010 - 18:50 | 651045 Goldfinger
Goldfinger's picture

Thanks will have a read tonight.

Thu, 10/14/2010 - 18:19 | 650949 chet
chet's picture

I think a couple of days ago, ZH posted a link to a website like "where is my mortgage" or "who owns my mortgage". 

If any of you caught that, could you pass it on to me? 

Thu, 10/14/2010 - 18:23 | 650969 minosgal
Thu, 10/14/2010 - 18:15 | 650944 Winston Smith 2009
Winston Smith 2009's picture

Is this a photo of Linda Green?

http://tinyurl.com/33ok2lw

Thu, 10/14/2010 - 18:32 | 651000 George Washington
George Washington's picture

+1000

Thu, 10/14/2010 - 18:15 | 650943 Goldenballs
Goldenballs's picture

A forged signature is fraudulent and therefore any legal document signed in this way has no basis in law and therefore is illegal.No ifs,buts or maybes that is the legal position.Suggest everyone who has one of these documents seeks legal advice as to whether continuing to pay their mortgage is to comply with a contract that is illegal and therefore unenforcible.Lenders to these banks should also look to sue the financial institutions responsible for this as there has been no due diligence in making sure the final loan and therefore the money was not legally securitised.

Fri, 10/15/2010 - 03:51 | 652082 66Sexy
66Sexy's picture

title insurance bankruptcies in the quere?

Thu, 10/14/2010 - 18:12 | 650935 gwar5
gwar5's picture

I can see why people supported Dellinger and Bonnie & Clyde back in the day. Same crap, different toilet paper.

Thu, 10/14/2010 - 19:06 | 651099 sgt_doom
sgt_doom's picture

Always familiarize yourself with your local rogues gallery.

That would be the closest major city's chamber of commerce.

Thu, 10/14/2010 - 18:09 | 650928 tony bonn
tony bonn's picture

i'll have to buy some eggs for docx office decoration on my next trip to alpharetta. i wonder where the whore linda green lives....these fuckers should be electrocuted...

Thu, 10/14/2010 - 17:56 | 650888 aaronb17
aaronb17's picture

Here's the bottom line stand we need to take:

Ordinary Americans seriously overpaid for their homes because banks used shitty procedures to grease the wheels of the lending system, causing a rapid ponzi-ing of the real estate market.

Because homes were so expensive, most people had to borrow huge amounts of made-up money from the banks (who did not actually have this money to lend out, but created it from thin air.

Because this made-up money created ever more demand for homes, the prices kept going up and up.  Ordinary Americans were told by people in authority that this was completely normal, and that at worst, prices would rise more slowly in the future.  So Americans kept borrowing money. 

Then the bubble burst.  Americans homes, which were bought with borrowed money, plummeted in value.  Suddenly, many Americans had net worths in the negative five or even negative six figures.

Not only that, jobs disappeared, and Americans couldn't move to find better jobs, because they could not sell their homes for enough to pay off their mortgages.

And now the FUCKER banks who did everything that caused this hellhole crash are also lubing up the foreclosure system so they can grab the collateral faster, using forged documents.

Sorry, but the ordinary rules of contract law do not apply here.  Homes bought on credit from 2004-2008 were VIRTUALLY ALL the product of fraud, undue influence, and duress.  The homeowners, nontheless, as a matter of fairness, have a more valid claim on the home than the shit-bag banks who defrauded everyone. 

Mortgages and notes should be wiped away, leaving the homes owned free and clear. The banks should be dissolved.  This won't happen, though, so I'm cheering on every little victory by the little guy against this miserable financial system that is merely a long process of defrauding the working and middle classes out of as much wealth as possible.

Fri, 10/15/2010 - 09:12 | 652396 Disambiguation
Disambiguation's picture

aaronb17,

 

The $ from the banks may have been "created out of thin air", but the mortgage was then sold to an investor, likely retirement funds, and these funds extinguised the $ that the bank created out of thin air. The bank got their fee and more fees for servicing, but the investor, not the bank, is now stuck with the shitty end of the stick.

Fri, 10/15/2010 - 10:42 | 652672 aaronb17
aaronb17's picture

The homeowner is an "investor" as well, with a balance sheet.  The homeowner's home is shrinking, just like the bonds the other "investors" bought.

As for the bond "investors" they're at least as leveraged as the home owners.  You think CALPERS or any other big investor is actually rich?  No.  It's just awash in liquidity, just like the poor fool homeowners were prior to the crash.

We all borrowed money thinking that the assets we had were worth more than our debt.  Lots of borrowers were super-conservative -- 20 percent down is just 5-to-1 leverage.  Do you think there are any major banks out there with a balance sheet that strong?

EVERYONE except for the banks got the "shitty end" of this stick.  Don't go favoring the bondholders over home-holders. 

Fri, 10/15/2010 - 11:36 | 652861 Disambiguation
Disambiguation's picture

I agree that the banks should be the most punished in the equasion. Both the bond holders and the home buyers got the shitty end of the stick, yes, but you suggest that the banks "thin air" money is still there, whereas it was exstinguished by the sale of the mortgage to the investor. If the home owner gets the home free and clear, then only the investor is punished, when the investor performed it's duty on the day they bought the security. The home owner should still be working things out with the bond holder.

Fri, 10/15/2010 - 03:49 | 652081 66Sexy
66Sexy's picture

21:12

Thu, 10/14/2010 - 18:02 | 650908 theopco
theopco's picture

good summary

Fri, 10/15/2010 - 02:58 | 652019 yabyum
yabyum's picture

Indeed, well put.

Thu, 10/14/2010 - 17:54 | 650881 americanspirit
americanspirit's picture

Linda Green is a pun. Linda = pretty en Espanol. Pretty green. Lots of it. As GW points out these assholes liked to make funny jokes with their 'signatures' Linda Green is the uber-pun. 

Thu, 10/14/2010 - 17:47 | 650869 frankTHE COIN
frankTHE COIN's picture

Excellent job as always Reg.

Thu, 10/14/2010 - 18:40 | 651018 Zerro
Zerro's picture

Reg ?

Thu, 10/14/2010 - 17:55 | 650883 Zerro
Zerro's picture

Reg ?

Do NOT follow this link or you will be banned from the site!