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 Archives

Week Ending Feb. 19, 2010


Mortgage Fraud News

Case Activity

Feb. 19, 2010

NY Officials Kick Off Mortgage Fraud Campaign
New York Mayor Bloomberg joined other city officials launched a campaign to combat mortgage fraud.
read story from New York Daily News
Feb. 18, 2010

Risk of Valuation Fraud Skyrockets in CA Areas
The risk of mortgage fraud is higher in several areas of California than any other metropolitan areas of the country -- pushing the risk of fraud in the Golden State higher than in any other state. In fact, the risk of property valuation fraud has more than tripled in four California areas -- the worst in the country.
read story from MortgageDaily.com

Legislation Would Require ID Verification
U.S. Rep. Kenny Marchant (R-Texas) introduced the Mortgage E-Verify Act, which would require that the Department of Homeland Security's E-Verify program be used on agency loans to prevent illegal aliens from committing mortgage fraud.
read story from About.com
Feb. 16, 2010

Financial Institutions Face Significant Mortgage Fraud Losses
A report from the Federal Financial Institutions Examination Council said mortgage fraud schemes have significantly inreased -- leaving U.S. financial institutions facing more losses.
read story from Dow Jones Newswires
Feb. 15, 2010

Sen. Warns About IL Mortgage Fraud
Illinois Sen. Dale Risinger (R-Ill.) announced that his state has become a hotspot for mortgage fraud as a greater number of banks reject mortgage refinance applications.
read story from Bureau County Republican
Feb. 11, 2010

Mortgage Fraud Generating Local Bubbles
The FBI says mortgage fraud is at epidemic levels -- possibly fueling the development of local bubbles.
read story from NuWireInvestor
Feb. 8, 2010

MO Mortgage Fraud Lighter Than in Harder Hit States
While Missouri has a problem with mortgage fraud, its nothing like what has been seen in states like Arizona and California.
read story at St. Louis Globe-Democrat
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
Date Defendants State Amount Overview News
Feb. 19 Calway Cauley, William Ervin, Ladon McClellan, Joyce Wilturner, Truemeatra Warner NV Losses up to $400,000 Cauley convicted. Justice.gov
Feb. 18 Eric Wayne Moen, Kevin Ray Winkelmann MN $640,000 18-month sentence. GreenPoint Mortgage was victim. WCCO
Feb. 18 Jerold Minney CO $8 mil in kickbacks Administrative law judge found defendant responsible. Lost real estate license. Denver Post
Feb. 18 Michael Anthony Prieskorn, Richard Mathew Laho MN $5,000,000 Recent indictment. Albert Lea Tribune
Feb. 18 Jeffrey Bennett, Stephen Doherty, Ed McCusker, Jacqueline McCusker, John Bariana PA $14,600,000 Guilty plea. Bucks County Courier Times
Feb. 18 Edward Seung Ok, Vladimir Stefanovic, Cynthia Valenzuela, Maria G. Juarez, Martha Rodriguez CA $13,000,000 15-year sentence. Orange County Register

Huntington Beach Independent

Inman News

Feb. 18 Al Carson Rockett Jr. AL $1,090,046 in illegal proceeds Charges filed Associated Press

The Birmingham News

Media Newswire

Feb. 18 Joel D. Surprenant OR losses of $241,000 Guilty plea. First Franklin Financial Corp. and Bank of America were victims. The West Linn Tidings
Feb. 18 Louis Cherico, Dominick DeVito, Robert DiDonato, John Liscio, Louis Cordasco Jr. NY scheme involved multi-million dollar properties Indictment. Mid-Hudson News Network

The Journal News

Feb. 17 Martha Rodriguez, Edward Seung Ok, Cynthia Valenzuela, Vladimir Stefanovic, Maria G. Juarez CA $40,000,000 Sentences handed down. IRS.gov
Feb. 16 Eric Farrington and 10 others TX na Jury selection begins. FOX 4 NEWS
Feb. 15 Kurt Heintz, James Fish MI Restitution of $14,467,547 65-month sentence. The Flint Journal
Feb. 15 Debbie Sferrazza OH $3,000,000 Additional time granted to prepare for trial. Journal News
Feb. 15 Ricky Dean Unruh, Randell Lee Hall, Charles M. Davis, Shanda Lynn Moore, Cheryl Joan Kassebaum, Scott Allen Kassebaum, Steven Ray Spencer MO $1,149,158 15-month and 21-month sentences. News-Leader
Feb. 15 Randy Berger, Elleni Berger PA losses between $1 million and $2.5 million Guilty plea for couple. Pittsburgh Post-Gazette
Feb. 15 Kurt Warren Heintz, James Fish MI losses of $14,467,547 65-month sentence. Victims include Indy Mac Bank, Fifth Third Bank, Bank of America, Independent Bank, Mercantile Bank and Union Federal Bank Huliq News
Feb. 15 Michael Ohayon, David Papera CA $19,800,000 Indictment. Victim Washington Mutual Bank. Huliq News
Feb. 13 Patrick Downey AZ damages of $32,000 Civil lawsuit won against American Home Mortgage. press release
Feb. 13 Charles Murphy, Robert Brunt, Tracey Scullark, John Farano, Douglas Blanchard, Armani D'Aifallah, Walter Jackson IL $11,000,000 Indictment. Sun Times
Feb. 13 Lisa Torres RI $674,000 46-month sentence. Victims include MetLife, Bank of America, Wachovia, IndyMac Bank and CitiMortgage Providence Journal

archived case entries back to 2005

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