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 February 5, 2006


Fraud Stories From
Patrick Crowley

Fraud Wire

Fake Paystubs Online
A Florida Internet company has allegedly offered online services for mortgage loan applicants that needed fake paystubs.

NoveltyPayCheckStubs.com, operating out of Tampa, has boasted that for $89.95 it can make "authentic looking (paycheck) stubs" that "will definitely fool anybody."

But a legitimate payroll company has gone to court with a trademark infringement lawsuit against the now-defunct Web site.

And The Florida Attorney General has launched a civil investigation of the company.

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

Baltimore Beats Real Estate Bandits
A law enforcement crackdown and media-generated awareness has cooled the former mortgage-fraud hotbed of Baltimore.

More than 100 defendants were sentenced last year as part of a concerted effort by federal prosecutors to stifle property flipping and appraisal scams that had been rampant in entire neighborhoods.

"We still have some open investigations," Joyce McDonald, who handles mortgage fraud for the U.S. attorney's office in Maryland, told MortgageDaily.com. "But the volume is going down. We hope we're one of the reasons" for the decline.

Jim Croft, founder of the Mortgage Asset Research Institute of Reston, Va., or MARI, said that he used to call "Baltimore the flipping capital of the galaxy."

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

February 3, 2006

No Time for Mortgage Fraud
John D. Myers, who along with a former congressional candidate pleaded guilty to mortgage fraud, is asking that he be spared time in prison because there was no loss in his case.
read story from The Kasas City Star .

Husband, Wife Released from Jail
Venere Hutchinson, who has already spent eight months in jail for $2 million in mortgage fraud, made a deal with the City of Buffalo on other charges that will enable him to get out of jail immediately and his wife to leave jail next week.
read story from The Buffalo News .

February 2, 2006

Fraud Prevention Seminars
Agencies throughout the Cleveland area are sponsoring free Fighting Fraud: It's a Family Matter seminars next week.
read story from the Plain Dealer .

Husband, Wife & Broker
Jonathan Bornstein plead guilty to his role in a mortgage fraud scheme with his wife, Sherri, and mortgage broker David Widstrand, that duped mortgage lenders on seven homes.
read story from the South Florida Sun-Sentinel .

1-Stop Fraud Shop
Abrar Haque, an Ohio accountant, sold doctored tax documents and pay stubs that clients used to fraudulently qualify for mortgages, among other things, according to a 79-count indictment.
read story from the Plain Dealer .

February 1, 2006

Borrower Forges Certified Funds
Wendy Jean-Francois used two counterfeit checks totaling $63,000 to purchase a home, according to charges in a case against her.
read story from The Intelligencer .

State Sues Foreclosure Help Co.s
Illinois' attorney general filed lawsuits against Advantage Mortgage Consulting and HomeSavers USA Inc., charging both companies with taking homes and money from vulnerable borrowers.
read story from the Chicago Tribune .

January 31, 2006

Michigan Bankers Say Regulator Shift to Deter Fraud

The Michigan Banker's Association backs the state's recent transfer of the Examination and Investigations Unit of the Mortgage Banking Office to the Office of Financial Evaluation -- noting it with help the "agency better combat mortgage lending fraud."

Escrow Fraud for Sex, Drugs
Thomas Kurzenberger Jr., a former title insurance agency vice president, was sentenced to six years in prison for using escrow deposits to support a drug habit and adult night club escapades.
read Associated Press story .

Illinois Legislation Would Target Foreclosure Rescue Firms
Illinois legislation is being drafted aimed at foreclosure rescue companies that fraudulently promise to help delinquent borrowers but only intend on stealing any remaining equity .
read story from CBS 2 Chicago .

January 30, 2006

Fraud Prevention Co. Hailed by Business Publication
Writer Mark Anderson touts "Fast-growing" CoreLogic as used by "Nine of the top 10 mortgage lenders in the country" on 50,000 loan transactions daily.
read story from the Sacramento Business Journal .

Paper Analyzes eNotary Effect on Mortgage Fraud
An improved electronic notary system could go a long way toward reducing mortgage fraud, according to a white paper by a Massachusetts Institute of Technology professor.
read story at MortgageDaily.com .
(subscription required)

Political Figure Must Stan Trial on Mortgage Fraud
Former politician Sherry L. Freebery's motion for a aquittal on mortgage fraud charges was denied.
read story at The News Journal .

Ohio Scammer Sentenced to Nearly 3 Years
Raymond A. Delacruz has been sentenced to 27 months in prison for bank fraud, mail fraud and money laundering.
read story from The Columbus Dispatch .

Family Pleads Guilty to Mortgage Fraud
Antwan Issa, his wife Rita and sons Roger and Robert pleaded guilty to charges they illegally got mortgages on other people's property, and committed bank fraud and identity theft.
read story from the Asbury Park Press .

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