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 May 06, 2011

Mortgage Fraud News

Case Activity

Former BoA Employee Gets 2-Day Sentence
May 05 -- A former employee of Bank of America has been sentenced to just two days in jail for preparing fraudulent verifications of deposit in a mortgage fraud scheme. Lenders lost nearly $1.4 million in the case.
read full story at MortgageDaily.com
Brother and Sister Arrainged in Huge Scam
May 04 -- A brother and sister have been arraigned in U.S. District Court in an alleged Ponzi scheme invovling more than $5 million in investment fraud and $10,884,438 in mortgage fraud.
read full story at MortgageDaily.com
SC Councilman Pleads Not Guilty
May 04 -- COLUMBIA, S.C. -- A former county councilman in South Carolina has formally proclaimed his innocence in a case where he is accused of lying on an application for a $979,500 mortgage from RBC Centura Bank.
read full story at MortgageDaily.com
12 of 14 Defendants in MN Case Have Same Last Name
May 04 -- A Minnesota man was handed down a two-year sentence for his role in a $1.9 million mortgage fraud case. Out of 14 defendants, 12 have the same last name.
read full story at MortgageDaily.com
CitiMortgage Adds Avantus to Its List of Approved Mortgage Fraud Report Providers
May 03 -- WEST HAVEN, CT (PRWEB) -- Avantus, a leading provider of customized mortgage credit reports, mortgage-related services and technology solutions, announced today that its LoanShield Borrower Review has been deemed fully compliant with CitiMortgage's fraud prevention guidelines, and Avantus will be added to their approved vendor list of mortgage fraud report providers.
read full announcement at MortgageDaily.com
Big Bank Employees in On Fraud
May 02 -- A South Carolina mortgage broker and a manufactured home salesman have been indicted in a $2 million case. Another case has several guilty defendants asking for delays in sentencings -- including a former JPMorgan Chase & Co. loan originator and a former Bank of America Corp. employee whose request was denied.
read full story at MortgageDaily.com
Date Defendants State Amount of Loans Overview Source
May 06 Debra Landberg FL $3,349,000 Acquitted. Naplesnews.com
May 05 Garret Griffith Gililland III, Nicole Magpusao CA $4,000,000 Guilty pleas. Chicoer.com
May 05 Paul Redondo, Melody Redondo ID $101,459 in restitution Paul Redondo sentenced to 3 years probation, 3 months home detention, 80 hours community service; Melody Redondo awaits sentencing. Department of Justice
May 05 Jill Diane Brennan, Darin Epps, Jeff Shoup, Tommy Hix, Tiffany Travis, Gary Albert Hager SC $1,400,000 Sentences: Brennan 2 days plus 3 years probation; Others await sentencing. MortgageDaily.com
May 04 Travis Wright, Christopher D. Hales UT $750,000 Guilty pleas. Sltrib.com
May 04 Taleb Mohamed Wazwaz, Sabry Mohamed Wazwaz, Kennedy Mohamed Wazwaz, Genevieve Marie McCullough (14 total) MN $1,900,000 Taleb Wazwaz sentenced to 2 years. Department of Justice
MortgageDaily.com
May 03 Shanita Lacy VA $1,549,170 Sentenced to 4 years. Wvec.com
May 03 Joseph Anthony LaCoste, Angela Marie McCoy OR $10,884,438 Arraigned. MortgageDaily.com
Department of Justice
May 03 Paul Lindemann, Michael Keith Hallman SC $979,500 Guilty plea. RBC Centura Bank was a victim lender MortgageDaily.com
May 03 Willia T. Burton OH $1,500,000 Sentenced to 30 months. Department of Justice
May 02 Steven Kronewitter IN $352,235.00 in restitution Sentenced to 21 months plus 1 year supervised release. Wells Fargo was a victim lender. Department of Justice
May 02 Dustin Thompson AZ $4,000,000 Sentenced to 27 months. Department of Justice
May 02 Michael Sheneman, Jeremie Sheneman IN $3,500,000 Trial begins. Southbendtribune.com
May 02 Amer Mir, Michael Eliasof, Gerald Carti, Frederick Ugwu, Norman Barna, William Ottaviano, Renford Davis, Hopeton Bradley, Claribel Morrobel, Melanie Gebbia NJ Multi-million dollar scheme Sentences: Mir 70 months and $2.3 million in restitution; Ugwu 50 months and $1.6 million in restitution; Corallo 51 months; Eliasof 40 months; Carti 27 months; Ottaviano 15 months. Probation for Barna, Gebbia and Morrobel. Department of Justice
May 02 Jeff Shoup, Tommy Hix, Darin Epps, Jill Diane Brennan, Gary Albert Hager SC $1,400,000 Sentencing postponed. MortgageDaily.com
May 02 Tracie Lockhart CO $58,000 in restitution Sentencing appeal denied. Courlistener.com

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