twitter linkedin
facebook google+
Mortgage News

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

Mortgage Fraud Feedget RSS code
The latest case activity tracked by for your Web site or for your RSS reader.

Mortgage Fraud Archives
Archive of 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

Mortgage Fraud Archives

Week Ending June 1, 2012

Mortgage Fraud News

Case Activity

Fannie Defrauded by New York Bank
May 31 -- A New York-based savings bank serving the Chinese community has been indicted along with former executives, loan originators and employees for defrauding the Federal National Mortgage Association.

The scheme involved "hundreds of millions of dollars" in fraudulent loans.

A 184-count indictment includes charges of residential mortgage fraud, securities fraud, grand larceny, conspiracy and falsifying business records.
read story at Mortgage Daily
(subscription required)

Risk of Appraisal Fraud Diminishes
May 31 -- Helped by a big quarter-over-quarter decline in the risk of property valuation fraud, the risk of mortgage fraud fell to the lowest level in nearly three years. California's Central Valley also contributed to the improvement. The close correlation between the risk of fraud and foreclosure rates continued into the latest period.
read story at Mortgage Daily
(subscription required)

Borrower Sentenced to 3 Years in $15 Million Scheme
May 31 -- A federal judge sentenced a former Petaluma, Calif., man to 37 months in prison this week for securing a phony mortgage loan that let him buy a home on Muscat Circle in Petaluma, U.S. Attorney's officials said.
read story at Mortgage Daily

Mortgage Broker Added to List of Defendants in $7 Million PA Case
May 29 -- A Delaware County, Pa., man was charged Thursday with joining a mortgage fraud conspiracy that resulted in losses of more than $600,000.
read story at Mortgage Daily

Real Estate Agent Sentenced in $5.6 Million Fraudulent Refinance
May 29 -- A Tiburon, Calif., real estate salesman who falsified his income for $5.6 million in refinancing loans was sentenced to 18 months in prison Thursday, the Internal Revenue Service said.
read story at Mortgage Daily

2009 Mortgage Fraud Conviction Overturned
May 29 -- The Minnesota Supreme Court has overturned the conviction of a Brooklyn Park loan officer who was sentenced to 10 years in prison for his alleged involvement in a mortgage loan scam.
read story at Mortgage Daily

Mortgage Fraud Ringleader Found Scheme Participants at Church
May 29 -- Angy Tennor was 22, making about $7 an hour working at Blockbuster and living with her parents in Miami in 2005 when her boyfriend came to her with an offer to make some money. A group of investors from her boyfriend's church wanted to buy a home in her name. She wouldn't have to make any payments and her credit score would increase.
read story at Mortgage Daily

Resort Cabins at Center of $6 Million Mortgage Fraud Case
May 29 -- A federal jury this month convicted a Sevierville, Tenn., title attorney and Pigeon Forge cabin developer in a $6 million mortgage fraud scheme.
read story at Mortgage Daily

$14 Million Scheme Nets 4.5 Year Sentence
May 29 -- A former Dublin, Ohio, man who flipped high-end properties in central Ohio and lived the high life with $3.4 million in kickbacks was sentenced today to 4 1/2 years in prison.
read story at Mortgage Daily

Man's Role in Scheme was to Provide Fraudulent Downpayments
May 29 -- NORFOLK, Va. -- A Maryland man pleaded guilty to conspiracy to commit bank fraud in connection with the purchase of real estate on the Eastern Shore.
read story at Mortgage Daily

Date Defendants State Amount of Loans Overview Source
Jun 1 Lance A. Collins AL At least $5,000,000 Sentenced to 5 years prison.
Jun 1 Joel Martinez, Julio Cesar Esquivel Reyes, Estefana Salazar Olivares, Claudia Salazar Olivares, Martha Elena Gonzalez, Andres M. Esquivel, Evangelina Gardner, Solomon Moses Worden, Edgar Lira, Luis Antonio Maldonado Tovar AZ Multiple properties Indicted. Department of Justice
Jun 1 Jonathan Mendoza Martinez, Jazmin Villalba Martinez, Celia Perez Morales, Jorge Castrejon Pichardo WA $22,396,660 Indicted. Department of Justice
May 31 Richard Cartagena FL $2,000,000 Sentenced to 21 months prison. Department of Justice
May 31 Edna Ledoux Jamieson VA Undisclosed Pleaded guilty. Department of Justice
May 31 Jack R. Coppenger, Jr., Andrew Norman, Jason Herceg, Robert Jason Workman, Kathleen A. Fada-Murray (41 total) OH $36,000,000 Coppenger indicted. Department of Justice
May 31 Juan Carlos Sanchez, Quelyory Rigal, Sandra P. Campo, Osbelia Lazardi, Dayanara Montero, Edward R. Mena, Celeste Mota, David Arboleda FL $39,000,000 Indicted. Department of Justice
May 30 Isaura Guzman CT $9,000,000 Sentenced to 37 months prison. 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

Copyright © 2014 Subscribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

pricing engine directory

wholesale lender directory

More Mortgage News Resources ( 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


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