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Search mortgage fraud news by keyword.
News, analysis and statistics about mortgage fraud.
Stories about individual mortgage crime cases.
Statics by year about real estate fraud.
Quarterly index based on case activity.
Reach mortgage executives, loan originators and other people tied to mortgage industry.
Free mortgage news for prospective borrowers.
Free e-mail newsletter with the latest headlines from MortgageDaily.com.
The latest case activity tracked by FraudBlogger.com for your Web site or for your RSS reader.
Archive of FraudBlogger.com entries going back to 2005. |
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Mortgage Fraud News
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Case Activity
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Mortgage Fraud Risk Rises, Jumbo Riskier
Nov. 20 -- The risk of mortgage fraud increased during the latest three-month period -- with identity and occupancy fraud risk seeing the most deterioration. New data suggests that jumbo mortgages present more risk than non-jumbo loans. A community that borders Arkansas and Missouri is one of the nation's worst hot spots.
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Civil, Criminal Mortgage Fraud Cases Concluded
Nov. 14 -- Redding, Calif., man has been sentenced in federal court in Sacramento, and a San Diego County loan processing firm has agreed to a civil settlement in separate mortgage fraud cases.
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Realtor Cops Plea in Big CA Mortgage Fraud Case
Nov. 13 -- Michael Angelo Munoz, a former real estate agent and defendant in Bakersfield's Crisp & Cole mortgage fraud case, has agreed to plead guilty to two counts of mail fraud, the U.S. Attorneys Office announced Tuesday.
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Family's Pleas Fail to Prevent Prison for Mom in Mortgage Fraud Case
Nov. 8 -- Pleas by two sons, a daughter and a father didn't stop a federal judge yesterday from ordering Deborah L. Kistner to prison for a $9 million mortgage fraud that stretched from Ohio to Florida.
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Appraiser Gets 1.5 Yrs in $100 Mil Mortgage Fraud Case
Nov. 1 -- A Jefferson Hills, Pa., woman told a federal judge on Thursday that her insecurities led her to help her brother commit a multimillion-dollar mortgage fraud and lie about threats to her husband, a federal drug enforcement agent.
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3 Yrs for New Orleans Lawyer in $50 Mil Mortgage Fraud
Oct. 31 -- A New Orleans lawyer who was working in Las Vegas as a real estate agent was sentenced to three years in prison in a mortgage fraud operation that scammed more than $50 million from financial institutions, U.S. District Judge Philip M. Pro announced today.
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X-Wife of Pastor in Mortgage Fraud Case Gets No Prison
Oct. 31 -- PHILADELPHIA -- The estranged wife of a pastor with a criminal history in Berks County expressed remorse Wednesday for writing checks in a scheme that defrauded a New York bank of $6.4 million in home loans.
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Former Pastor Sentenced to 14 Yrs for Mortgage Fraud
Oct. 30 -- PHILADELPHIA -- A former Pottstown, Pa.-area pastor with a criminal history in Berks County denied any wrongdoing before being sentenced Tuesday to federal prison for defrauding a New York bank of $6.4 million in home loans.
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Wholesale AE, Broker-Husband Admit to Mortgage Fraud
Oct. 28 -- A subprime wholesale lending account executive and her husband, who was a mortgage broker, have admitted to defrauding her now-defunct employer using fake income and employment documents.
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Financial Advisor Got $1.3 Mil in Fraud Mortgages
Oct. 28 -- A North Side Columbus, Ohio, financial adviser who defrauded banks with his real-estate purchases was sentenced to a day in prison today and ordered to pay back more than $400,000.
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| Date |
Defendants |
State |
Amount of Loans |
Overview |
Source |
| Nov 18 |
Juan Velez, Flavia Mendoza |
CT |
$1,200,000 |
Velez sentenced to 12 months. |
Department of Justice |
| Nov 15 |
Denise Haines, Michael Wilkerson Sr., Joyce Wilkerson |
PA |
$6,000,000 |
Haines sentenced to 10 days. |
NbcPhiladelphia.com |
| Nov 14 |
Ging—Hwang "Felicia" Tsoa, Robert Mikail, Bing-Sing "Cindy" Wang |
VA |
$19,900,000 |
Tsao convicted by jury. |
Department of Justice |
| Nov 14 |
Jose Armando Alvarado, Alberto Morejon, Reyna Orts |
FL |
$2,400,000 |
Sentences: Alvarado 135 months, Morejon 36 months, Orts 50 months. |
Department of Justice |
| Nov 13 |
Brandon Hanly |
CA |
Multiple properties |
Sentenced to 4 years. |
Department of Justice |
| Nov 13 |
Emily Kaye-Eddie, Loan Tech Inc. |
CA |
$75,000 |
Settlement reached. |
Department of Justice |
| Nov 13 |
Rita "Jessica" Martinez, her husband Gilbert Martinez, and her brother Felix Martinez |
TX |
Undisclosed. Farmers and Merchants Bank victim lender. |
Indicted. |
Department of Justice |
| Nov 12 |
Kimberly Eileen McMillian (aka Kimberly Simmons and Kimberly Simmons McMillian), Glenroy E. Day, Sr. |
MD |
$1,028.003.20 |
Sentences: McMillian 2 years; Day 2 years probation. |
Department of Justice |
| Nov 12 |
Michael Angelo Munoz, David Marshall Crisp, Julie Dianne Farmer, Jeriel Salinas, Jennifer Anne Crisp |
CA |
$1,300,300 forfeiture. |
Munoz pleaded guilty. |
MortgageDaily.com |
| Nov 8 |
Shara Andrews |
IL |
$598,536 in restitution |
Sentenced to 24 months. |
Department of Justice |
| Nov 8 |
Steven Schlatmann |
NJ |
Multiple properties |
Pleaded guilty. |
Department of Justice |
| Nov 8 |
David Joe Cano |
TX |
$1,795,125 in restitution. Bank of America, IndyMac Bank, GreenPoint Mortgage Funding, Inc., WMC Mortgage Corporation, Everett Financial Inc. dba Supreme Lending, America Homekey, Inc. victim lenders. |
Sentenced to 87 months. |
Department of Justice |
| Nov 7 |
John J. Doran |
CT |
$991,883 in restitution |
Sentenced to 12 months jail. |
MiddleTownPress.com |
| Nov 7 |
Stephanie Hand, Julio Concepcion, Thomas D'Anna |
NJ |
$873,520 |
Indicted. |
Department of Justice |
| Nov 7 |
J. Patrick Brester |
FL |
$1,266,156 in restitution |
Sentenced to 6 years. |
Department of Justice |
| Nov 7 |
Carlyle "Carl" Lee Cole, Caleb Lee Cole, Sneha Ramesh Mohammadi, David Crisp, Robinson Nguyen |
CA |
$30,000,000 in losses |
Carlyle, Caleb, and Mohammadi pleaded guilty. |
Department of Justice |
| Nov 7 |
Michael Rory Woods, James P. Vasiliou, Jr. |
NY |
Multiple properties. JP Morgan Chase Bank victim lender. |
Woods charged by criminal complaint. |
Department of Justice |
| Nov 6 |
Brian Edwards |
IN |
$400,000 in restitution |
Sentenced to 21 months. |
MortgageFraudBlog.com |
| Nov 6 |
Deborah L. Kistner, Mark A. Kistner |
OH |
$9,644,601 in restitution |
Deborah sentenced to 66 months, Mark sentenced to 5 years probation. |
Department of Justice |
| Nov 1 |
Kimberly Baldwin, Lewis Whoolery |
PA |
$1,700,000 in restitution |
Baldwin sentenced to 19 months. |
MortgageDaily.com |
| Oct 31 |
David M. Mark |
NV |
$50,000,000 in losses |
Sentenced to 3 years. |
MortgageDaily.com |
| Oct 30 |
Joyce Wilkerson, Michael Wilkerson Sr., Denise Haines, Lee Garell |
PA |
$6,400,000 |
Joyce Wilkerson sentenced to 4 years probation. |
MortgageDaily.com |
| Oct 29 |
Michael Wilkerson Sr., Denise Haines, Joyce Wilkerson, Lee Garell |
PA |
$6,400,000 |
Michael Wilkerson sentenced to 14 years and 2 months. |
Department of Justice |
| Oct 28 |
Robert E. Haines Jr., Ryan K. Blankenship |
OH |
$1,300,000 |
Haines sentenced to a day. |
MortgageDaily.com |
| Oct 28 |
Lester Soto, Isaac DePaula, Adilson Silva, Klary Arcentales, Rodrigo Costa, Michael Rumore, Antonio Pimenta |
NJ |
$30,000,000 |
Soto pleaded guilty. |
Department of Justice |
| Oct 24 |
Sidney Coton, Jim Sotolongo |
FL |
$50,000,000 |
Coton agreed to plead guilty. |
News-JournalOnline.com |
| Oct 24 |
Stanley Walton, Pamela Black |
NV |
$4,300,000 in restitution |
Walton entenced to 41 months. |
ReviewJournal.com |
| Oct 24 |
Lemuel David Thornton |
CA |
$232,000 in restitution, JPMorgan Chase & Co. victim lender. |
Sentenced to 24 months. |
IRS |
| Oct 24 |
Bhardwaaj "Deo" Seecharan, Linda Rovetto |
FL |
$3,500,000 |
Seecharan sentenced to 60 months. |
Department of Justice |
| Oct 24 |
Braden S. Koegel |
FL |
$400,000 |
Indicted. BofA victim lender. |
MortgageDaily.com |
| Oct 23 |
Nathan Shane Wolf, Denetria Montresa Myles (91 total in Waxhouse case) |
NC |
$75,000,000 |
Convicted by jury. |
Department of Justice |
archived case entries back to 2005
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