DOUG OMMEN, HEAD OF MISSOURI ATTORNEY GENERAL'S CONSUMER PROTECTION DIVISION, HAS TAKEN AN UNACCEPTABLY WEAK AND A PROFOUNDLY IDIOTIC POSITION TOWARDS THE ENFORCEMENT OF MISSOURI STATE LAW AGAINST FRAUD AND FORGERY

Missouri’s AG’s Consumer Protection Division
Finds A Great Deal Of MERS Fraud and Forgeries
Involving Robo-Signing and More


Via Fox2Now:

By Charles Jaco
FOX2now.com

March 17, 2011
ST. LOUIS, MO (KTVI-FOX2Now.com)— All 50 state attorney's general have been coordinating an investigation into foreclosure fraud for months. And Missouri's chief investigator tells Fox 2 they've found plenty of fraud, but no one to prosecute, [IMPOSSIBLE TO FIND FRAUD AND NO ONE TO PROSECUTE] and hardly any way to stop further foreclosures, even if they may be fraudulent.

[WOW, MR. OMEN, YOU'VE REVEALED A GREAT DEAL ABOUT YOUR PRIORITIES TO THE CITIZENS OF MISSOURI.  YOU'VE TAKEN AN UNACCEPTABLY WEAK AND A PROFOUNDLY IDIOTIC POSITION TOWARDS THE ENFORCEMENT OF MISSOURI STATE LAWS WHERE EVER MERS FRAUDULENT ACTS ARE FOUND.  IF NEW YORK CAN DO IT, IF MASSACHUSETTS CAN DO IT, IF CALIFORNIA CAN DO IT, IF NEVADA CAN DO IT, IF DELAWARE CAN DO IT, THEN MISSOURI CAN MOST CERTAINLY TAKE STEPS TO PROTECT THEIR OWN CITIZENS, TOO.  WHY DO YOU REFUSE TO?]

"We've found a good deal of fraud in the process, in the foreclosure process itself, most notably with robo-signing," said head of the Missouri Attorney General's Consumer Protection Division Doug Ommen, referring to the process where foreclosure documents are signed blindly by people paid to forge the signatures of bank or lending company officials. "We have found fraud and we have found forgery in robo-signing and other areas."

But before an appearance at a South Side symposium sponsored by the activist group Missourians Organizing for Reform and Empowerment (MORE), Ommen said the trail of individual mortgages is as tangled as a a trashcan full of coat hangers, and even harder to unravel. "Loans have been totally seperated from individuals and institutions," he said. "Loans are chopped into different pieces, sold and re-sold and re-sold again, maybe 10 or 15 times. Meanwhile the original paperwork is in a warehouse somewhere and no one knows where it is.

"The entire system is broken and needs co-operative federal and state regulation, so at least people can get a straight answer from a human being on the phone. Right now, many people facing foreclosure don't even have that."

Ommen indicated that, so far at least, there's not much the co-operative investigation can do to keep people from being foreclosed upon, and only a tiny likelihood that anyone will ever be prosecuted for fraud.

"For a criminal prosecution to take place, that person would have to be immediately involved in the fraud," he said. "Many of these robo-signers were part-time employees who did what they were told. And no bank CEO had direct involvement in any individual fraudulent signing, as far as we know."
ST. LOUIS, MO (KTVI-FOX2Now.com)— All 50 state attorney's general have been coordinating an investigation into foreclosure fraud for months. And Missouri's chief investigator tells Fox 2 they've found plenty of fraud, but no one to prosecute, and hardly any way to stop further foreclosures, even if they may be fraudulent.

"We've found a good deal of fraud in the process, in the foreclosure process itself, most notably with robo-signing," said head of the Missouri Attorney General's Consumer Protection Division Doug Ommen, referring to the process where foreclosure documents are signed blindly by people paid to forge the signatures of bank or lending company officials. "We have found fraud and we have found forgery in robo-signing and other areas."

But before an appearance at a South Side symposium sponsored by the activist group Missourians Organizing for Reform and Empowerment (MORE), Ommen said the trail of individual mortgages is as tangled as a a trashcan full of coat hangers, and even harder to unravel. "Loans have been totally separated [SIC] from individuals and institutions," he said. "Loans are chopped into different pieces, sold and re-sold and re-sold again, maybe 10 or 15 times. Meanwhile the original paperwork is in a warehouse somewhere and no one knows where it is.


[WHICH, IF MR. OMMEN UNDERSTANDS PROPERTY LAW HE WOULD KNOW, LOANS SEPARATED IN THESE WAY RENDER THE MORTGAGE UNENFORCEABLE.]

"The entire system is broken and needs co-operative federal and state regulation, so at least people can get a straight answer from a human being on the phone. Right now, many people facing foreclosure don't even have that."

Ommen indicated that, so far at least, there's not much the co-operative investigation can do to keep people from being foreclosed upon, and only a tiny likelihood that anyone will ever be prosecuted for fraud.

"For a criminal prosecution to take place, that person would have to be immediately involved in the fraud," he said. "Many of these robo-signers were part-time employees who did what they were told. And no bank CEO had direct involvement in any individual fraudulent signing, as far as we know."

[OH, PLEEEEAAAASSSSSEEEEE.    THIS IS ALSO A BUNCH OF ....  OF COURSE NO CEO HAS HAD DIRECT INVOLVEMENT.  BIG MIND BLOWER THERE!   WHAT ABOUT ALL THE VICE PRESIDENTS?  -- THE REAL ONES, NOT THE MERS SPECIAL ONES.

WHAT ABOUT ALL THE ATTORNEYS THAT ROBO-SIGNED DOCUMENTS FRAUDULENTLY FOR THEIR CLIENTS?   YOU CAN START WITH MISSOURI'S AWARD WINNING FORECLOSURE MILLS SOUTH AND ASSOCIATES; MARTIN, LEIGH, LAWS, AND FRITZLEN, PA; AND SHAPIRO and MOCK, LLC.] 


Comments (1)
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MissBehave at 11:24 PM March 18, 2011

What a total load of bull. You can damn well bet the state of sucking missouri (considering the sorry state of puppy mill legislation as well) that if it was any of the people of missouri they would spare no resource to track us down like puppy mill dogs and wring out of us whatever extortionary charges they could manufacture.

Saying they doubt if they could stop any future fraud in the foreclosure fiasco is unacceptable. For one damn thing they could make this a judicial foreclosure process so the people who want to steal our homes would at least have to go to the trouble of going before a judge before they rip us off.

I can't wait to get the hell out of missouri because it has to be the suckiest state in the whole damn union.

Count me GONE as quick as I can get out of here.

2 Responses to “Missouri’s AG’s Consumer Protection Division Finds A Great Deal Of MERS Fraud and Forgeries Involving Robo-Signing and More”
Jerry Jurden says:
03/18/2011 at 10:20 am

Thank you for telling the truth and now get the executives that are responsible for everything . they are the where the buck stops and re responsible to hire and fire honest people and those not so honest . If you lead lead or get out of the way of Justice and join Bernie Maddoff cause it is your job description and responsibility . You took the job and taxpayers bail out bonuses and now you must do the time for your crimes of not knowing what was going on in side your own companies. Sorry Jack, Sam, Ed it is your time to pay the price for your inability to control your companies irresponsibility . BYE BYE

ttcb77@yahoo.com thanks Elizabeth Warren keep speaking up cause you are right on this one.

Jeanine Molloff says:
03/18/2011 at 1:47 pm

What this report and the Missouri AG have cleverly omitted is this one fact–without proof of ownership–ie. “produce the papers,” there is no debt. In other states, when distressed homeowners demanded in court to see the proof of bank ownership–nothing materialized and the debt was cancelled. I’m sure the Missouri AG knows this. Furthermore, even if they can’t determine the owner–the AG can criminally prosecute the corporations fraudulently processing the papers–ie the middleman. So—what is the problem with the Missouri AG?