But I look at it kind of this way. If the bank instead had a POLICY of leaving the cash drawers open at night and the front door to the bank unlocked, yes, the thieves who walked in and stole the money are criminals who should be prosecuted and sent to jail, but I have a hard time finding any sympathy for the bank who set their "security" up like that.
These lenders literally couldn't be bothered with the crystal clear SHALL legal requirements of mortgages and home loans and what it takes to foreclose etc. And it wasn't oversight - this was POLICY to ignore these things. It was POLICY to fraudulently process the foreclosure docs, POLICY to not bother securing the original notes, etc.