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.

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


Mortgage Fraud Archives

Week Ending April 26, 2012


Mortgage Fraud News


Case Activity


Last Defendant Convicted in $39 Million Mortgage Fraud Case
Apr. 26 -- A 37-year-old Homestead man is the last to be convicted in Fort Lauderdale, Fla., federal court in a $39 million mortgage fraud case, according to U.S. Attorney Wifredo A. Ferrer.
read story at Mortgage Daily


Homeowner Recovers Home from Mortgage Fraud After 5 Yrs
Apr. 25 -- It was the hardest, longest fight of Teresa Isabella's life.
read story at Mortgage Daily


Operation Wax House Yields 9 More Defendants
Apr. 25 -- Federal authorities on Wednesday unsealed a new federal indictment adding nine defendants to the Operation Wax House mortgage and investment fraud probe.
read story at Mortgage Daily


Wholesaler Wins Appeal in Mortgage Fraud Case
Apr. 22 -- A California appeals court has ruled in favor of a wholesale lender that was a victim of mortgage fraud. At issue was the settlement agent's failure to advise the lender of an unauthorized disbursement.
read story at Mortgage Daily (subscription required)


Grow House Financed Through Mortgage Fraud
Apr. 22 -- A Portland, Ore., man was sentenced this week to more than 5 years in prison for his involvement in a marijuana growing and distributing operation, the U.S. Attorney's office for Oregon said.
read story at Mortgage Daily



Date Defendants State Amount of Loans Overview Source
Apr. 26 Joseph Robert Guernsey SC $1,000,000 Sentenced to 21 months. Department of Justice
Apr. 26 Mitchell Cohen NY $7,515,966 forfeiture and $1,574,259 restitution Sentenced to 70 months. Department of Justice
Apr. 25 Mary Armstrong, Audrey Yeboah, Teresa Rose, Justin Mensen CA $20,000,000 in losses Armstrong pleaded guilty. Department of Justice
Apr. 25 Quelyory A. Rigal (aka "Kelly"), Juan Carlos Sanchez, Sandra P. Campo, Osbelia Lazardi, Dayanara Montero, Edward R. Mena, Celeste Mota, David Arboleda FL $39,000,000 Rigal convicted. Department of Justice
Apr. 24 Jim Sotolongo, Ramara Garrett, Christopher Mencis, Stephanie Musselwhite FL Multiple properties Indicted. News-JournalOnline.com
Apr. 24 Travis Bumpers, Victoria Hunt, Purnell Wood (92 total) NC $75,000,000 Bumpers, Hunt, and Wood pleaded guilty. Department of Justice
Apr. 24 Waylon Long, Melvin Moye (92 total) NC $75,000,000 Long charged and Moye pleaded guilty. Department of Justice
Apr. 24 William Brown, Benjamin Clarke, Frank DeSimone, Lorie Dooley, James E. Fink, Ralph Johnson, Denetria Myles, Matthew Newland, Nazeere Saddig, Steve Jones (92 total) NC $75,000,000 Brown, Clarke, DeSimone, Dooley, Fink, Johnson, Myles, Newland, Sadding, and Jones indicted. Department of Justice
Apr. 24 Tony David Maldonado,Buffy Marie Lawrence, Walter Ryan Macapaz, Lisa Carol Ross TX $22,000,000 Maldonado pleaded guilty. Department of Justice
Apr. 23 Hendrix Montecastro CA $143,000,000 Sentencing postponed. UTSanDiego.com
Apr. 23 John Lebron FL $1,469,300 Sentenced to 26 years. Department of Justice
Apr. 22 Emeka Udeze, Shola Risikat Balogun, Niesha Williams MD $2,013,478 in losses Udeze pleaded guilty. Department of Justice
Apr. 22 David C. Christian, Joshua Goldberg MD $2,440,804 in restitution Christian sentenced to 15 months. Department of Justice

archived case entries back to 2005

 
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