home mortgage fraud newsletter full stories advertise mortgage industry newsletter RSS about us
 
HOT Topics Fraud Resources Fraud Prevention Mortgage Litigation News Appraisal News

Sign Up for Free Mortgage Fraud Newsletter


 
 
twitter linkedin
facebook google+
Mortgage News

Search
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 Newswire


send your comments or links


Last Updated Thursday, April 10, 2008 5:30 PM Texas Time
 

April 11, 2008


Sprouse Could See More Charges in Mortgage Fraud Case
Victoria Sprouse, already a key target in a mortgage fraud case of more than $15 million in loans in Charlotte, N.C., could also face charges of racketeering. Though the indictment on the case lists a total of six defendants, Sprouse is the only one listed in each of the four alleged scams in the case.
read story from The Charlotte Observer




Man Admits to Mortgage Fraud of More Than $2.6 Million
Donald F. Green pleaded guilty to one count of tax evasion, one count of conspiracy to commit bank fraud and wire fraud and one count of bank fraud for his involvement in a 2003 and 2004 mortgage scam in which he obtained $2.6 million. Aryeh Schottenstein, Jeffrey Lierberman and Shawn Griffin were also indicted last year for their participation in the scheme.
read story from Columbus Business First




Three Ohio Men Indicted for Mortgage Fraud
William Bowling Jr., Georgia Bowling and Gregg Russell are accused of defrauding Fort Mitchell, Ohio mortgage company Countrywide Home Loans on more than 24 properties outside Dayton. Each suspect faces up to 20 years in prison if convicted.
read story from WKRC-TV Cincinnati




April 10, 2008


Jackson Men Guilty of Mortgage Fraud
David Kennedy was sentenced to two years in prison with three years of supervised release, while LaVonne Hamilton must serve16 with two years of supervised release for their involvements in two separate mortgage fraud operations in Jackson, Miss. The combined fraudulent loan total the two men obtained was more than $835,000.
read story from The Clarion-Ledger




April 9, 2008


Interthinx Announces Ability for Lenders to Score Third-Party Originators
Interthinx, provider for tools for mortgage fraud prevention and other various aspects of the mortgage industry, announced Tuesday its ability to review and score third-party originators. Broker Risk Score bases its assessment on proprietary loan data and weighted “alerts” in the system to help lenders make better informed decisions in all processes in the business.


Radian Guaranty Announces Program to Assist Borrowers
Radian Guaranty announced the launch of Radian FastAdvance, a program that seeks to help troubled borrowers by modifying the terms of loans or creating structured repayment plans. Radian also revealed the partnership with partnership with Consumer Credit Counseling Service of Delaware Valley to assist and communicate with borrowers and servicers who opt to use FastAdvance.


Virginia Man Gets Prison for Mortgage Fraud
Khalil Salim Arbid was sentenced to 16 months in prison for mail fraud for his involvement in a mortgage fraud operation of $2 million in Vienna, Va. He will also be on supervised release for three years after his prison sentence is served, and he must pay more than $650,000 in restitution.
read story from Vienna Connection




Six Charged with Fraud in Indianapolis
Mehran Valiyi, Brian Beach, Marcus Ward, Ladarius Patrick, Omar Dillard and Preston Forte were all charged with theft and fraud for their participation in a mortgage fraud scheme of nearly $38 million on 568 homes in Indianapolis.
read story from the Examiner




Mortgage Fraud Warrants Prison Time
Portland resident Ryan Bonneau must spend 30 years in prison and have five years of supervised release to follow for his role in a mortgage fraud scheme in that defrauded Union Federal Bank of Indianapolis. Leann Booth and Troy Martin were also involved in the scam of two properties and, among other punishments, must serve 45 days of house arrest and give up their shares of the profit.
read story from The Oregonian




April 8, 2008


Governor Takes Action on Foreclosure Problem in Maryland
Maryland Gov. Martin O’Malley signed emergency legislation in order to provide assistance to thousands of homeowners in the state who are at risk of losing their properties. The bills also strive to prevent future foreclosures and make efforts to fight mortgage fraud crimes.


Broker Pleads Guilty to Racketeering in Mortgage Fraud Case
Celeste Skaar, owner of a Chanhassen, Minn., mortgage brokerage, New Day Capital, pleaded guilty to a charge of racketeering in a mortgage fraud case that brought in $2.5 million to Skaar and her cohorts, Scott R. Rosenlund and Shinon Lindberg. Rosenlund and Lindberg have eight pending charges against them in the case, and Skaar’s license was revoked.
read story from The Minneapolis Star Tribune




April 7, 2008


Mortgage Fraud Grows, But Who Hurts the Most?
Writer Zac Bissonnette wonders who really suffers the most from mortgage fraud, and he has come to the conclusion that those victimized are “pretty much anyone who wasn’t participating” in the fraudulent operations.
read story from WalletPop




Broker Loses License and Faces Investigations in Colorado
Danny DeGrande had his real estate broker’s license revoked last week for a year for mortgage fraud complaints issued against him in Arvada, Colo. DeGrande is up against multiple investigations on him and is still under further investigation for fraudulent real estate deals.
read story from Rocky Mountain News




“Fraud-for-Profit” Continues to Hurt Mortgage Industry
Recently, federal law enforcement has directed a great amount of its focus on “fraud-for-profit” mortgage scams in which those in the industry join together in fraud operations, split the proceeds, and then vanish elsewhere. More commonly, victims are those who are on the verge of foreclosure, and all this crime is only adding to the dilemma that already plagues the subprime arena.
read story from The Chicago Tribune




Suspect to Change Plea in Erie Mortgage Fraud Case
Gregory M. Finney, who originally entered a plea of not guilty to charges of fraud, conspiracy and money-laundering in a mortgage fraud scheme case in Erie, Pa., is expected to change his plea in the coming weeks, according to the lawyer of the former president of A&M Homes. The change comes largely as a result of a previous conviction for delivery of cocaine, which could hurt him at his sentencing.
read story from Erie Times-News




Two Mortgage Fraud Cohorts to Appear in Court
Celeste Skaar pleaded guilty to charges of racketeering in a mortgage fraud operation in Minneapolis. Scott R. Rosenlund and Shinon Lindberg are also named in the case and faced with charges of racketeering and theft by swindle. Rosenlund and Lindberg are due in court today.
read story from The Minneapolis Star Tribune




Former Criminal Now Seeks to Stop Crime
Frank Abagnale, former con man and author of Catch Me If You Can and Stealing Your Life, helped design a service called PrivacyGuard to monitor credit and give notifications of new applications and developments to help fight identity theft and fraud.
read story from New York Daily News






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

MBS

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