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
send your comments or links
for possible publication


Fraud News Wire

Last Updated Friday, January 12, 2007, 04:49 PM Texas Time

Legislator Accused of Foreclosure Fraud

The Maryland Attorney General is looking into claims that a state legislator duped a woman into selling her home to him.

In a lawsuit filed in Anne Arundel County Circuit Court, Teresa Milligan accuses Maryland State Delegate William "Tony" McConkey, a Republican and a real estate broker, of foreclosure rescue fraud.

McConkey has denied Milligan's claims that he somehow tricked Milligan into singing over her house to him.

Kevin Enright, a spokesman for Maryland Attorney General J. Joseph Curran, confirmed to MortgageDaily.com that the attorney general's office is "looking into the matter."

MortgageDaily.com subscribers read Patrick's full story

Armed & Dangerous

A former mortgage executive who is under indictment for selling the same loans multiple times on the secondary market escaped when federal agents tried to nab him.

Edward Batayeh, who is also known as Ed Bhataybh, has been indicted by a federal grand jury in Oakland on charges of masterminding a $13 million fraud that included reselling loans multiple times.

But when federal agents tried to apprehend him on Nov. 17, he fled in a 2003 BMW X3 with the California license plate 5ETZ317.

"Defendant is a fugitive and should be considered armed and dangerous," the U.S. Attorney for the Northern District of California said in a statement.

MortgageDaily.com subscribers read Patrick's full story

January 12, 2007

Man Imprisoned for Mortgage Fraud
Lawrence Randall Benham was sentenced to 97 months in prison after pleading guilty to his involvement in a multi-million dollar scheme in which he allegedly used straw buyers and exaggerated their financial resources and ability to repay mortgage loans for properties priced in excess of their true value.

read story from KHOU.

Unlicensed Appraiser Sentenced
Chester Underhill was sentenced to 30 months in federal prison and received three years probation for allegedly using his late father's license number to perform more than 1,000 appraisals for five years at the request of mortgage brokers.

read story from 21 WMFJ.

Attorney Arrested on Stealing Charges
Denise Cooper, a lawyer that represented a homeowner in a foreclosure sale, is being accused of using $100,000 gathered from the transaction for her personal use rather than depositing to a county finance commissioner.

read story from the Journal News .

Mayor Candidate Denies Fraud
Katheryn Shields, who has filed to run for Kansas City mayor, and her husband, Philip Cardarella, pleaded not guilty to mortgage fraud charges and alleged their signatures were forged on documents involving the sale of a home they owned.

read story from KMBC-TV.

January 11, 2007

Broker Pleads Guilty to Fraud
Torrence James, a former prisoner who became a mortgage broker, was the last of eight defendants to admit to engaging in a mortgage fraud scheme in which he used false information to obtain mortgages -- and withdrew $0.3 million in proceeds from fraudulent home sales.

read story from the Denver Post.

FBI Mole in Fraud Probe a Criminal
Adrena Troutman, a woman investigated for mortgage fraud, blasted the FBI for using an informant with a criminal history who allegedly recorded Troutman seeking bribes.

read story from the Chicago Sun-Times .

January 10, 2007

Accountant Gets 12 for Fake Docs
Abrar Haque was sentenced to 12 years in prison for selling false financial records to get bank loans, including documents fraudulently showing high income so a man could get $250,000 loan for a home.

read story from the Plain Dealer.

January 9, 2007

Originator Faces 8.5 Years
Mortgage agent Candi Robinson may serve over 8 years in prison after admitting that she conned an elderly woman out of $90,000 of home equity by bailing out the woman's daughter from jail with collateral on the home.

read story from the Plain Dealer.

January 8, 2007

Broker Registration Aims to Cut Fraud
Brokers in Colorado must now register with the state, a move that is part of new legislation aimed to reduce mortgage fraud and can result in brokers' licenses being revoked more easily.

read story from Legal Newsline.


read archived blog entries

  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