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

Sign Up for Free Mortgage Fraud Newsletter


 
 
twitter linkedin
facebook google+
Mortgage News

Search
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 Fraud Newswire


send your comments or links


Last Updated Friday, January 9, 2009 10:00 PM Texas Time
 

January 9, 2009

Lenders Required to Establish Procedures for Fraud Risk Factors

In an effort to prevent mortgage fraud by identity theft, lenders will have to put into place a protocol for dealing with loan applicants and address discrepancies at the credit bureau level. The Mortgage Bankers Association's Residential Technology Steering Committee addresses this mandate and how lenders can best implement the procedures.




Fake Social Security Numbers Used

A 39-year old Missouri man pleaded guilty to participating in a $12.6 million mortgage fraud scheme and using phony Social Security numbers to obtain three of the 25 properties involved.




Broker Could Face 180 Years Imprisonment

A Georgia man is accused of fraudulently issuing "seller's second mortgages" to convince lenders to approve loans. He is also charged with making it appear that borrowers more assets than they truthfully did.




Foreclosure Rescue Alleged Ponzi Scheme

A Texas man is accused of taking money from investors in order to pay other investors while they believed homes were being purchased and rent was being paid to them.




January 8, 2009

Brothers, Husband and Wife Team Defraud Lenders

Two brothers and a married couple have been accused of running a mortgage fraud scheme that involved inflating the values of five homes in New Hampshire, effectively stealing $300,000 from the $1 million in loans submitted to big name lenders.




Mortgage Fraud Takes Backseat

Contrary to what readers of this blog might believe, mortgage fraud is not the prime suspect for the current credit crisis. That is, according to a new survey of bankers conducted between Nov. 5 and Dec. 10 by Grant Thornton LLP with Bank Director magazine.




Wells Fargo Defrauded

A 39-year-old St. Louis man pleaded guilty to defrauding Wells Fargo Home Mortgage and admitted he would have bilked more if he wasn’t caught.




January 7, 2009

Time to Bargain

A real estate developer charged with 23 counts of theft and forgery, including felony racketeering has a few months to decide whether or not he wants to strike a plea bargain before his trial date in June.




Closing Attorney to Lose License

The closing attorney for an alleged mortgage fraud ring pleaded guilty to charges of mail fraud and money laundering conspiracy related to mortgage fraud and drug dealing.




FHA Defrauded in $12 Million Scam

A Kansas City man pleaded guilty to participating in a mortgage fraud scheme that bilked FHA and other lenders out of more than $12 million.




January 6, 2009

Mortgage Fraud Taking Front Seat

The Department of Justice is redirecting its Corporate Fraud Task Force towards mortgage fraud investigation to help combat the current housing crisis.




Plea for Leniency Denied

A man who was sentenced to three years in prison for mortgage fraud dashed out of the courthouse after telling the judge he was too sick to serve any prison time. The judge denied his request. News cameras followed the man as he tried to hurry away.






read archived blog entries

 
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

MBS

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