home mortgage fraud newsletter full stories advertise mortgage industry newsletter RSS about us
HOT Topics Fraud Resources Fraud Prevention Mortgage Litigation News Appraisal News
twitter linkedin
facebook google+
Mortgage News

Search mortgage fraud news by keyword.

Mortgage Fraud News
News, analysis and statistics about mortgage fraud.

Local Mortgage Fraud
Stories about individual mortgage crime cases.

Mortgage Fraud Statistics
Statics by year about real estate fraud.

Mortgage Fraud Index
Quarterly index based on case activity.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage Fraud Feedget RSS code
The latest case activity tracked by FraudBlogger.com for your Web site or for your RSS reader.

Mortgage Fraud Archives
Archive of FraudBlogger.com entries going back to 2005.


Mortgage Industry Fraud
news and insights

Archives January 1, 2006


Fraud Stories From
Patrick Crowley

Fraud Wire

LO Steals Down Payment
Bruce and Martha Miles thought they were putting down $53,000 with a North Carolina mortgage loan officer to buy a new house.

Instead, they lost their money, were forced to file and bankruptcy and don't have a new home.

"It's a not a good situation," the Raleigh, N.C., lawyer representing the couple, told MortgageDaily.com. "I'm just surprised how easy it is to (allegedly) steal money in the mortgage industry."

A loan officer and her associate are facing charges that they duped the couple into putting up the money for a mortgage and then spending the money on themselves.

read the rest of Patrick's story at MortgageDaily.com
(subscription required)

Citigroup Unit Stung by Chicago Gangs
When financial services giant Citigroup purchased Associates First Capital Corp. in 2000, it got more than one of the nation's largest subprime lenders.

Citi, as the New York-based company is known, was also left with a $10 million fraud ring that touched the violent world of Chicago street gangs.

"Citigroup was left to clean up this inherited situation," a Citigroup spokesman told MortgageDaily.com. "And we have cooperated fully with law enforcement and the investigation of this case."

Chicago police and prosecutors have tied some of the fraud that allegedly took place at Associates to a $70 million fraud ring that totaled more than 100 phony mortgage applications and involved members of the Traveling Vice Lords street gang.

read the rest of Patrick's story at MortgageDaily.com
(subscription required)

December 30, 2005

Revised Appraisal Forms Prevent Fraud
New residential appraisal forms are making it easier to detect mortgage fraud.
read story from MortgageDaily.com
(subscription required)

Trio Tricks Countrywide
Tam Nguyen, Xuyen Nguyen and Myna Tran have been convicted of defrauding Countrywide Home Loans and face prison terms of up to 105 years.
read story from Broker Universe .

December 29, 2005

Drug Dealer Got Mortgage License
Deangelo McMahan, who in April 2004 was indicted for running a curbside heroin, cocaine and marijuana market in Chicago, was given a provisional mortgage loan originator's license from Illinois in September of that same year.
read story from the Chicago Tribune .

December 28, 2005

Couple's Massive Empire Disintegrating
The sale of millions in assets of Joanne and Alan Schneider, who allegedly bilked investors out of $7 million and issued at least 15 mortgages totaling $879,004 on one Cleveland rental home that sold for $76,850, has left them with just a single home.
read story from the Plain Dealer .

Trial of 4 Defendants Delays Sentencing on 3 Others
Convicted mortgage fraud defendants Todd Kolbe, Amy Samelson Kolbe and Kirk McVey saw their sentencings delayed following the scheduling of trials for defendants Kelly Abercrombie, Mary Bolan, Todd Kerber and Taya Parodo.
read story from the Bradenton Herald .

December 25, 2005

Credit Fraud
Firms that suggest they have a special connection with the three primary credit bureaus, promise they can convince lenders to remove bad ratings or imply they can get a potential mortgage applicant a new credit file are among five types prospective borrowers are advised to avoid.
read Bankrate.com story .

Patrick Crowley is fraud journalist for MortgageDaily.com and a reporter and columnist for The Cincinnati Enquirer.

Email Patrick at: PatCrowley@FraudBlogger.com
Mortgage Fraud Litigation

Q4-2012 | Q3-2012
Q2-2012 | Q1-2012

Q4-2011 | Q3-2011
Q2-2011 | Q1-2011

Q4-2010 | Q3-2010
Q2-2010 | Q1-2010

Q4-2009 | Q3-2009
Q2-2009 | Q1-2009

Q4-2008 | Q3-2008
Q2-2008 | Q1-2008

full-year 2007
Red Flags Rule
News about the Fair and Accurate Credit Transaction Act.
Analysis of Fraud Enforcement and Recovery Act
The Mortgage Graveyard
Reverse Mortgage Blog
Mortgage Compliance Newsletter
Free compliance newsletter from MortgageDaily.com.

Copyright © 2014 MortgageDaily.com
MortgageDaily.com Subscribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

pricing engine directory

wholesale lender directory

More Mortgage News Resources (MortgageDaily.com full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

free mortgage news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan officer compensation rule

loan originator compensation rule


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

sales blog

reverse mortgage news

secondary marketing

servicing news

subprime news

wholesale lenders

wireless mortgage news