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 Fraud Newswire

send your comments or links

Last Updated Friday, January 30, 2009 10:00 PM Texas Time

January 30, 2009

Fraud Volume Nears Billions

National and local law enforcement continue to ponder whether earlier intervention may have averted the current mortgage fraud and credit crisis. Fraud volume is now estimated to be in the billions, affecting individuals from all walks of life.

5 New Fraud Schemes Identified

The current economic environment has brought mortgage fraud to a whole new level. Con artists are preying on lenders, borrowers and vulnerable homeowners in danger of losing their homes.

January 29, 2009

Murder-Suicide Follow Alleged Fraud

A family of seven was found dead after a California couple were accused of falsifying income records to qualify for a low-income program.

Double the Fraud, Double the Charges

A California couple has been charged with obtaining a mortgage loan on a house they purchased in 2004 and then using fraud again after it went into foreclosure.

Identity Thief Sentenced

A Minnesota man stole identities to run a million-dollar mortgage fraud scheme through three mortgage companies he operated, including one on the Internet. He was sentenced to more than seven years in prison.

Lack of Resources, Communication Displaced Fraud Investigations

As early as 2004, an official from the Federal Bureau of Investigation gave Congress an ominous prediction of a mortgage meltdown that would affect financial markets. The current Assistant Director for the agency said the FBI has made good strides.

January 28, 2009

Bankrupt Mortgage Firm Sues Defunct Brokerage

A California mortgage company that filed a Chapter 11 bankruptcy is suing some of the culprits that caused over $4 million in losses due to mortgage fraud.

Fraud Tripled Appraised Value

Two Michigan real estate professionals are charged with six felony counts relating to a mortgage fraud scheme.

Bogus Insurance Certificates Used in Scheme

A Kentucky man who defrauded homeowners and lenders CitiFinancial and American General in an insurance fraud scheme faces up to 200 years in prison on 10 counts of mail fraud.

January 26, 2009

Sisters Sold Properties to Straw Buyers

Two sisters have been indicted on charges relating to a mortgage fraud scheme in California. Prosecutors said they sold multiple properties they owned to straw buyers and submitted loan applications with false information on the buyer's behalf with promises to buyback the properties within six to 12 months.

Transparency, Revisions Set at Ginnie Mae

Ginnie Mae is evaluating and revising procedures related to the packaging of mortgage loans into securities to help prevent fraud-infested bonds. The agency is considering the use of automated tools to increase its efficiency, according to its president Joseph Murin, who said they are preparing to be the last line of defense.

Executive Mortgage Fraud

A former executive for a south Florida lender pleaded guilty to fraudulently altering information on almost 3,000 loans in order to boost his compensation.

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


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