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 13, 2011

Mortgage Fraud News

Case Activity

Two More Plead Guilty in $2 Million Mortgage Fraud Case
May 13 -- With guilty pleas from two more defendants in a $3 million case of mortgage fraud, a total of seven defendants have now admitted guilt. Three more defendants still face trial.
read full story at MortgageDaily.com
30 More Face Possible Indictment in Massive Fraud Case
May 13 -- Dozens of new defendants are expected to be named in a $100 million mortgage fraud case in North Carolina. The scheme involved jumbo loans.
read full story at MortgageDaily.com
More Penalties for Convicted Originator
May 13 -- A former loan originator who has already been sentenced to a decade in prison for mortgage fraud crimes that cost lenders more than $650,000 has been hit with additional penalties from the the State of Minnesota.
read full story at MortgageDaily.com
Mortgage Broker, Mfg Home Dealer Released on Bond
May 12 -- A mortgage broker and the former owner of a manufactured housing dealership who are accused of stealing more than $2 million in fraudulent manufactured home loans will be released on bail.
read full story at MortgageDaily.com
A Decade of Rising Fraud
May 11 -- The number of reports of mortgage fraud filed by mortgage lenders was higher for the 10th year in a row and reached an all-time high.
read full story at MortgageDaily.com (subscription required)
Defense Attorney a No-Show at Major Mortgage Fraud Trial
May 11 -- As a major mortgage fraud trial got underway this week, the ringleader's defense attorney -- who is also the brother of one of the defendants-- was nowhere to be found. So a federal judge issued an arrest warrant for him.
read full story at MortgageDaily.com
Mortgage Fraud Diminishes in 2010
May 09 -- Mortgage fraud reports tumbled last year, and almost all of the fraud reported occurred prior to 2010. Appraisal fraud continues to be a problem.
read full story at MortgageDaily.com (subscription required)
Mortgage Fraud Helped Sink NC Bank
May 09 -- A North Carolina mortgage broker was sentenced to nearly two decades of hard time after admitting his role in a case involving $15 million in fraudulent mortgages. Prosecutors claim that the crime helped bring down a bank in the state.
read full story at MortgageDaily.com
Broker, Processor & Executive Guilty
May 09 -- Three defendants -- including a mortgage broker, loan processor and mortgage executive -- have pled guilty in a $2.9 million mortgage fraud case in Kentucky.
read full story at MortgageDaily.com
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
Date Defendants State Amount of Loans Overview Source
May 13 Walter Bressler NH $2,500,000 Guilty plea. Department of Justice
May 12 Robert Ibraham, Valdas Duoba NY $10,200,000 Arraigned. MortgageDaily.com
May 12 Quang Joseph Nguyen MA $1,800,000 Sentenced to 4 years and plus 3 years supervised release and $1.1 million in restitution. Law.com
May 12 John Chiavetta PA $274,000 in restitution Sentenced to 12 months and 1 day plus 3 years supervised release. Department of Justice
May 12 Craig Alleva NJ Approximately $525,000 Guilty plea. Department of Justice
May 12 Kenneth Garabedian, llen Seymour, Raymond A. Desautels III, Erik Tancun MA Multiple properties Guilty pleas. Department of Justice
May 12 John Fabey NJ $1,200,000 Guilty plea. Department of Justice
May 12 Joseph Woods, Aaron Simmons, Gary Wood, Denis Hickey, Jennifer Jackson, Anthony Willis (up to 70 total) NC $100,000,000 Sentences: Woods 24 months; Simmons 22 months; Wood 21 months; Hickey 15 months; Jackson 14 months probation; Willis 5 months probation. MortgageDaily.com
May 11 Domingos Dias, Hector Natera CT $3,000,000 Indicted. Department of Justice
May 11 Darcey Greenfield CA $3,265,000 Arrested. Department of Justice
May 11 Glenn Vaught, Michael Fortenberry SC $2,000,000 Arraigned. MortgageDaily.com
May 11 Darnell Disroe, Michael Lentine, Michael Starace FL $1,300,000 Sentenes: Disroe 10 years plus $1.1 million in restitution; Lentine 51 months; Starace 18 months. Palmbeachpost.com
May 11 Jay Whitham FL $5,300,000 Real Estate Appraisal Board calls for fraud charges. Heraldtribune.com
May 10 Chadwick Amsden, Adam Perkins, Joel Rosabal (10 total) OR $3,000,000 Guilty pleas. First Franklin Financial Corp., Decision One Mortgage, Hyperion Capital, Ace Mortgage, Millennium Funding victim lenders. MortgageDaily.com
May 09 Jason Thomas Williams, Benjamin Jackson, Joseph Bowen Brown (5 total) AZ $9,956,349 Guilty pleas from Williams and Jackson; Brown scheduled for trial. Department of Justice
May 09 Craig Keith Richards, Thomas Martin Brandenberg II, Paul Robert Lindemann SC $3,400,000 Indictments. Wcnc.com
May 07 Michael Pahutski, Michael Gee, Victoria Sprouse, Gregory Mascaro, Jules Springs, Gregory Rankin NC $15,000,000 Sentences: Pahutski 19 years plus $3.5 million in restitution; Gee 24 months plus $3.56 million in restitution; Mascaro 24 months; Springs 24 months; Rankin 5 years probation. MortgageDaily.com
May 07 John Howard, Kevin Mullins, Brenda C. Stone KY $2,900,000 Guilty pleas. MortgageDaily.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