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Search mortgage fraud news by keyword.
News, analysis and statistics about mortgage fraud.
Stories about individual mortgage crime cases.
Statics by year about real estate fraud.
Quarterly index based on case activity.
Reach mortgage executives, loan originators and other people tied to mortgage industry.
Free mortgage news for prospective borrowers.
Free e-mail newsletter with the latest headlines from MortgageDaily.com.
The latest case activity tracked by FraudBlogger.com for your Web site or for your RSS reader.
Archive of FraudBlogger.com entries going back to 2005. |
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Mortgage Fraud Archives
Week Ending March 1, 2012
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Mortgage Fraud News
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Case Activity
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Guilty Plea in $15 Million Mortgage Fraud Case Follows Arrest in Murder Case
Mar. 1 -- The alleged mastermind of a $15 million mortgage fraud scheme in New Jersey admitted conspiring to defraud financial institutions and launder stolen funds, U.S. Attorney Paul Fishmancq announced.
read full story at Mortgage Daily
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Appraisers Among 4 convicted in Mortgage Fraud Case
Feb. 28 -- Four people were convicted in Summit County Common Pleas Court for taking part in a mortgage fraud scheme in Summit and Stark counties, Ohio Attorney General Mike DeWine said Wednesday.
read full story at Mortgage Daily
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Homebuyer Admits Role in Mortgage Fraud
Feb. 27 -- Myrtle Beach, S.C., resident Stephen Yura pleaded guilty this week in federal court in Florence to one felony charge of making a false statement on a credit application in order to influence a lender to make a home loan.
read full story at Mortgage Daily
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Long Beach Mortgage Wholesale Rep Sentenced to Prison
Feb. 27 -- SACRAMENTO, Calif. -- A San Ramon man will spend 30 months in prison for his part in a scheme that defrauded his employer of more than $3 million, prosecutors said Monday.
read full story at Mortgage Daily
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Mortgage Broker, Pastor Convicted in Mortgage Fraud Case
Feb. 27 -- A Birdsboro, Pa., woman and a former minister with a criminal past in Berks County were convicted Tuesday of defrauding the former Chase Manhattan Bank of more than $6 million in home loans.
read full story at Mortgage Daily
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Risk of Valuation Fraud Increases
Feb. 26 -- Mortgage lenders are more likely to be deceived about the valuation of a property than they are about any other mortgage fraud category, according to the latest set of mortgage fraud risk indices.
read full story at Mortgage Daily (subscription required)
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Loan Officer Admits Role in Mortgage Fraud
Feb. 26 -- SACRAMENTO, Calif. -- A Tracy man pleaded guilty on Monday to mail fraud charges in connection to a mortgage fraud operation, U.S. Attorney Benjamin Wagner announced.
read full story at Mortgage Daily
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| Date |
Defendants |
State |
Amount of Loans |
Overview |
Source |
| Mar. 1 |
Lance Kellow, Jason Kellow, Vinson Kellow |
NV |
$1,000,000 in losses |
Lance convicted. |
Department of Justice |
| Mar. 1 |
William R. "Rusty" Beamon, Jr. |
GA |
Multiple properties. |
Indicted and arraigned. Appalachian Community Bank victim lender. |
Department of Justice |
| Feb. 28 |
Patience Lavon Jackson, Anthony Davis, Jr. |
TX |
$2,801,662 in restitution |
Jackson sentenced to 63 months. |
Department of Justice |
| Feb. 27 |
Judy Bonas, Peterson Cherimond, Allison Gates |
MA |
$936,600 in restitution |
Bonas sentenced to 6 months. |
Department of Justice |
| Feb. 27 |
Brandon Shepherd, Laura Habre, Jeff Sadler |
OH |
$1,000,000 |
Pleaded guilty. Wells Fargo and Argent victim lenders. |
MortgageDaily.com |
| Feb. 27 |
Timothy Ricks, Orlando Allen (11 total) |
NJ |
$15,000,000 |
Pleaded guilty. |
Department of Justice |
| Feb. 27 |
Stephen Yura |
SC |
Undisclosed |
Pleaded guilty. |
MortgageDaily.com |
| Feb. 26 |
William M. Silvi |
CO |
$606,097 |
Sentenced to 43 months. |
Department of Justice |
| Feb. 26 |
Michael Wilkerson, Denise Haines, Joyce Wilkerson, Lee Garell |
PA |
$6,000,000 |
Wilkerson and Haines convicted. Chase Manhattan Bank a victim lender. |
Department of Justice |
| Feb. 26 |
Cynthia Suratos Lorica |
CA |
$1,000,000 restitution |
Sentenced to 18 months. |
Department of Justice |
| Feb. 25 |
Patrick Cody Morgan, John Elias, Reginald Anderson, Viktor Ly, Christopher Pearson |
TX |
$39,000,000 |
Morgan sentenced to 324 months. |
Department of Justice |
| Feb. 25 |
Joel Blanford |
CA |
Multiple properties |
Sentenced to 30 months. Long Beach Mortgage victim lender. |
Department of Justice |
| Feb. 25 |
Ashley Elizabeth Prasil, Sheri Delich, My Dinh Lam |
MN |
$8,900,000 |
Prasil sentenced to 3 years probation. |
Department of Justice |
archived case entries back to 2005
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