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Mortgage Fraud Archives
Week Ending March 5, 2010
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Mortgage Fraud News
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Case Activity
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Feb. 26, 2010
Mortgage Fraud Summit
A new fraud task force in Merced, Calif., has 20 active investigations going.
read story from Merced Sun Star
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Feb. 24, 2010
Mortgage Fraud Summit
The first of several events focusing on mortgage fraud was attended today by the U.S. Department of Justice, bank representatives and mortgage lenders.
read story from MortgageDaily.com
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Feb. 22, 2010
Fraud Prevention Guide Updated
The Federal Financial Institutions Examination Council issued an updated mortgage fraud prevention guide to help examiners understand, identify and detect mortgage fraud schemes.
read story from Bank Info Security
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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
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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
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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
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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
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|
| Date |
Defendants |
State |
Amount |
Overview |
News
Publication |
| March 5 |
Frederick Earle Deen, Taylor Trump |
MN |
$20,000,000 |
24-month sentence. |
Pioneer Press |
| March 5 |
Hector L. Rivera |
FL |
multi transactions. |
8-year sentence. Taylor, Bean Whitaker Mortgage Corp. victimized. |
Ocala.com |
| March 4 |
John Lewis |
IL |
$3,700,000 |
Indictment. |
FBI.gov |
| March 4 |
Jonathan Alfred Kimpson, Kelsey Torrey Hull, Gia Harris |
GA |
na |
Indictements in reverse mortgage case. |
Atlanta Business Chronicle |
| March 4 |
Guadalupe Ramirez, Augustine Ramirez |
CA |
$4,100,000 |
Charges filed. |
Californian |
| March 3 |
Thomas John Hunter, Frederick Earle Deen, Taylor Trump |
MN |
$20,000,000 |
Guilty plea. |
Star Tribune |
| March 3 |
Troy Bossert, Tyler Forrey, Ryan O'Brien, Stephen Petrovich, Steven Reese |
FL |
$4,215,623 |
Guilty pleas. Victims include JP Morgan Chase, Bank United, Southpointe Financial Services and Georgia Banking Co. |
NBC-2.com
MarcoNews.com
News-press.com
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| March 3 |
Mark Calhoun, J. Larry Kennedy, and Keith Kennedy, April Calhoun, Willie Jones |
MS |
$9,000,000 |
Trial begins. |
Clarion Ledger |
| March 3 |
Mark Strodtman, Dean Juhl, Flora Carmona, Charles Brandt, Jessica Feliciano-Brandt |
CO |
na |
Ruling against defendants in civil rights case. |
Greeley Tribune |
| March 2 |
Brian Steptoe, Natasha Steptoe, John R. Thompson |
GA |
$401,600 |
Indictments. Bank of America was lender. |
The Forest Blade |
| March 1 |
Eric Jason Sunsdahl, |
MN |
$726,210 |
2-year sentence. |
Thisweek Newspapers |
| March 1 |
na |
FL |
1 2nd mortgage |
Charles Woodward claimed his signature was forged on a Bank of America 2nd mortgage. |
NBC-2.com |
| March 1 |
Barry C. Westergom, Juan Carlos Gonzalez |
FL |
$29,272,000 |
4-year sentence. |
EthiopianReview.com |
| Feb. 28 |
Ishwardat (Danny) Raghunath, Halal Ahmed, Phyllis Seemongal |
NY |
$7,000,000 |
Defendant became fugitive. |
New York Daily News |
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