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View Diary: Nevada attorney general announces robo-signing indictments (81 comments)

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  •  Just Nevada. (4+ / 0-)
    Recommended by:
    KenBee, dksbook, cany, ozsea1

    Matt Stoller (At Naked Capitalism)

    By itself, these indictments signify that the fraudulent foreclosure game is over for the big mortgage servicers in Nevada, which is the center of the foreclosure epidemic. It says the rule of law matters, in at least one corner of the country. But you don’t throw 606 counts against someone if all you’re going for is jail time for that person; this is about starting at the bottom, and flipping people. It could be the takedown of the mortgage servicer mafia, and then back to the origination.

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