NEWS FLASH

Missouri Grand Jury Indicts Mortgage Company On Foreclosure Fraud Charges | A Missouri grand jury has indicted DocX, one of the nation’s largest foreclosure services providers, on 136 counts of forgery of foreclosure documents, otherwise known as robosigning. The company’s founder and former president, Lorraine Brown, was indicted on the same charges. Despite the prevalence of robosigning by different banks and lenders, criminal cases resulting from fraudulent foreclosure practices have been rare. DocX could face $10,000 fines for each forgery conviction, and Brown could face up to seven years in prison for each conviction, according to the New York Times. “Today’s indictment reflects our firm conviction that when you sign your name to a legal document, it matters,” Missouri Attorney General Chris Koster said.