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

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

Mortgage Fraud Archives

Week Ending Feb. 5, 2010

 

Mortgage Fraud News

Case Activity

Feb. 5, 2010


GA Gov. Announces Fraud Legislation
Mortgage fraud legislation that would grant the Georgia Bureau of Investigation jurisdiction to initiate investigations on offenses related to mortgage fraud has been introducted into the state senate.
read press release
Feb. 4, 2010


GA Introduces Fraud Legislation
A state senator in Georgia has introduced legislation that would enable state investigations into mortgage fraud.
read story from WALB
Feb. 3, 2010


MN Fraud Referrals UP 800%
The Minnesota Department of Commerce referred 45 cases of mortgage fraud, securities fraud and insurance fraud to outside authorities in 2009, up from five or fewer in previous years.
read story at Pioneer Press
Feb. 1, 2010


HUD Budget Includes $88 Mil for Fraud
The U.S. Department of Housing and Urban Development's fiscal-year 2011 budget continues FHA’s $20 million Combating Mortgage Fraud initiative.
read HUD budget proposal


Jan. 22, 2010


Mortgage Fraud Growth Slows
New government data indicate that mortgage fraud activity is beginning to ease.
read story at MortgageDaily.com
Jan. 14, 2010


US AG Testifies About Mortgage Fraud
United States Attorney General Eric Holder testified about mortgage fraud warnings in 2004.
read Associated Press story
Jan. 11, 2010


Wisconsin Looking to Convicts from Mortgage Industry
Wisconsin's legislature is preparing a bill that would prohibit anyone with a felony convictions from obtaining a mortgage license.
read story from Wisconsin Public Radio
Date Defendants State Amount Overview News
Publication
Feb. 5 William Jones, Corey Brower, Sandi Brower FL 930 loans causing $78 million in damages Early prison release. Victims included HUD. The Tampa Tribune
Feb. 4 JEREMY BEADEL MO multi Indictment. Justice.gov
Feb. 4 Ming Shan Zhu, Alvin Mark Eiland, Gary Leonard Robinson II TX $7,000,000 Indictments. HOUSTON CHRONICLE

Examimer

Feb. 4 William Everett Nichols LA $3.9 million in restitution 6-year sentence for First Fidelity Mortgage Inc. president. Associated Press
Feb. 3 Stanford Morgan, Nancy Mahan, William Ball FL $200k in restitution 6-year sentence. Orlando Sentinel
Feb. 3 Quentin Henley MO $3,600,000 Guilty plea. KansasCity.com

Infozine

Feb. 3 Yamil L. Herrera, Alain C. Hernandez, Ricelda M. Hernandez, Maria G. Herrera, Samantha Portales, Edel Martinez, Osiris Garcia, Silvio De Paz, Ana G. Blanco, Luis R. Martinez FL $10,000,000 Indictments in case where Washington Mutual, Impac Lending Group and Loan City were victims. Miami Herald

BizJournal

Feb. 3 Kevin Lafavers, Donald T. Brown, Tamara E. Scott, Stephen Scott Brown, Robert Penn, Mark Roth, Timothy A. Brown, Jerry J. Jaquess IN $22.5 million in total restitution. 3-year prison sentence. Victims included Argent Mortgage Co., The MoneyStation, People's Choice Mortgage, Countrywide Home Loans. Inman

TheIndyChannel.com

Feb. 3 Olu Campbell formerly known as Oluseun Oshosanya, Dema Daiga MD $405,000 Guilty plea.

gazette.net

Baltimore Sun

Feb. 2 Judy Yeung aka Miu Wan Yeung CA $6,500,000 Guilty conviction in case where Washington Mutual was victim. FoxReno.com

The Recorder

Feb. 2 Mohamad Esmail, Jubran Dighlawi CA $78,000 in restitution 1-year sentence in case involving FHA loans. KABC
Feb. 1 John Richard Varner, Elroy Giddens, CA $29,749,239 in restitution. 13-year sentence for president of Mortgage One. HUD, Firstar Bank, N.A., and Chase Manhattan Mortgage Corp. defrauded. IRS.gov

Lawfuel.com

MyValleyNews

InlandNewsToday.com

Feb. 1 4 unnamed defendants OH $6,700,000 Charges filed. examiner.com
Jan. 31 Luis Lino, Martha Huezo, Irma Tocco, Victor Jinete, Thomas Rosales, Connie Salas aka Martha Marrero and Martha Salas NY $6,000,000 Innocent pleas in case where Emigrant Mortgage Co, Wells Fargo Home Mortgage and National City Mortgage were victims. Long Island Press

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