Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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William A. Roper, Jr.
Judge Elizabeth Mergner handed down her LPS sanctions decision in the In Re Wilson case on Thursday, April 7, 2011.  It is a real blockbuster:

http://www.scribd.com/doc/52867919/In-Re-Wilson-Memorandum-Opinion-07-Apr-2011


Longtime MS Fraud Forum participants will be already familiar with the underlying case.

I have posted a large assortment of other primary documents from In Re Wilson within a collection at my Scribd pages:

http://www.scribd.com/my_document_collections/2703232


The case is In Re Wilson, Case No. 07-11862, a matter before the U.S. Bankruptcy Court for the Eastern District of Louisiana.

This should inaugurate the implosion of LPS!

Your comments, analysis and excerpts of favorite excerpts from the decision are solicited and appreciated!
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William A. Roper, Jr.
See also these other previous MS Fraud Forum threads:

In Re Wilson, Case No. 07-11862 (10/29/10 at 09:49 PM)
http://ssgoldstar.websitetoolbox.com/post?id=4950187

 

Settlement with the BOLES Law Firm in the In Re Wilson Case (11/09/10 at 03:33 PM)
http://ssgoldstar.websitetoolbox.com/post?id=4964436

 

In Re Wilson - Post Trial Brief of the US Trustee (02/08/11 at 12:32 PM)
http://ssgoldstar.websitetoolbox.com/post?id=5083176


There are quite a few more threads which mention Wilson and LPS.  Use the Forum search facility to identify others.
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William A. Roper, Jr.
Abigail Field seems to have noticed and written about the In Re Wilson decision before I downloaded and read the Memorandum Opinion:

DailyFinance: When Banks Outsource Foreclosures, Nothing Good Happens (Posted 9:40 PM 02/11/11)
http://www.dailyfinance.com/story/real-estate/when-banks-outsource-foreclosures-nothing-good-happens/19836088/


Hopefully, this is merely the first of MANY news stories about the In Re Wilson decision.
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The Equitable One
Taken from page 26,  last sentence of para. 1:

"But for the dogged determination of the UST’s office and debtors’ counsel, these issues would not come to light and countless debtors would suffer. For their efforts this Court is indebted."

The courts move slowly, but this court, this judge and this US Trustee have consistently moved in the right direction in this case, and that for years.

I'm anxious to see what sanctions are ultimately imposed.

I'm thinking Dory isn't quite as busy as she once was, LOL.

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William A. Roper, Jr.
Housing Wire has weighed in with a story on the In Re Wilson sanctions decision:

"Tech snafu, improper foreclosure affidavit lead to sanctions for LPS", by Jon Prior (Tuesday, April 12th, 2011, 9:24 pm)

http://www.housingwire.com/2011/04/12/tech-snafu-improper-foreclosure-affidavit-lead-to-sanctions-for-lps



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William A. Roper, Jr.
If you find yourself reading stories about In Re Wilson at other foreclosure fraud sites OR, more importantly, at mainstream news sites, it is probably useful to accentuate a few other points that might otherwise be overlooked given Judge Magner's written decision.

Foremost amongst these is the FACT that robo-perjurer Dory Goebel had already been previously cited for filing a false affidavit in a previous U.S. Bankruptcy case, In Re Fagan:

http://www.scribd.com/doc/40515880/In-Re-Fagan-Decision-Granting-Sanction-24-Sep-2007 [see page 3]


In other words, she was CAUGHT LYING in an affidavit before and the Lender was sanctioned.  Dory Goebel went UNPUNISHED.  And then she DID IT AGAIN.

Second, Dory Goebel was PROUD of the fact that her team was cranking out upwards of 1,000 forged and perjured documents a DAY:

http://www.scribd.com/doc/40542251/FIS-Foreclosure-Solutions-the-Summit-Sep-2006 [see pages 16, 17]


Third, Dory Goebel may NOT have actually signed all of the perjured affidavits executed in her name:

http://www.scribd.com/doc/40757070/Various-Signatures-of-Dory-GOEBEL


Fourth, has anybody else ascertained WHY Dory Goebel didn't appear in Judge Elizabeth Magner's Court on June 26, 2008, as ordered? 
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William A. Roper, Jr.
Reuters has the story now:

 

"U.S. judge to sanction LPS for lying to court", by Scott Paltrow (Wed Apr 13, 2011 7:10pm EDT)

http://www.reuters.com/article/2011/04/13/financial-regulation-foreclosures-lps-idUSN1330259220110413



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William A. Roper, Jr.
The Wall Street Journal reported on the LPS Sanctions decision from In Re Wilson in an article posted on Thurday evening:

WSJ: 'Robo-Signing' Case To Draw Sanctions, By Ruth Simon (Thursday, April 14, 2011 8:54 PM)

http://online.wsj.com/article/SB10001424052748704547604576263322637675568.html


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The Equitable One
Gretchen Morgenson offering on the same case.

http://www.nytimes.com/2011/04/17/business/17gret.html?_r=2
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William A. Roper, Jr.
In the interests of making the link to the article cited by The Equitable One more readily discoverable and accessible using the MS Fraud Forum search facility, the article is titled:

New York Times: "Homework Regulators Aren't Doing", by Gretchen Morgensen

http://www.nytimes.com/2011/04/17/business/17gret.html


This article was posted online on Saturday, April 16, 2011, and appeared on Page 1 of the Business Section of the Sunday, April 17, 2011, edition of the New York Times.  The placement of the artcle was above the fold in the first column.  This is Gretchen's weekly "Fair Game" column.

This is as conspicuous as a business story can get without appearing on the front page.
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William A. Roper, Jr.

In my original post in this thread, I mangled the name of the Judge hearing and deciding the In Re Wilson Case.  Her name is Judge Elizabeth MAGNER, NOT MERGNER.  I once had an exemplary young soldier named MERGNER working for me and seem to perpetually mistranscribe Judge MAGNER's name based upon my prior acquaintance with a MERGNER.

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