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 June 22, 2012


Mortgage Fraud News


Case Activity


$14 Million Mortgage Fraud Case Yields Guilty Plea
June 21 -- An Eagan man pleaded guilty Wednesday to a mail fraud charge that was part of a mortgage scandal at the Cloud 9 Sky Flats condo development in Minnetonka, Minn.
read story at Mortgage Daily


Attorney, Broker & Realtor Among 8 Charged
June 21 -- Federal prosecutors charged eight Miami-Dade residents in a multi-million dollar mortgage fraud scheme that spanned November 2004 to September 2009 at Jade, a luxury downtown Miami condominium.
read story at Mortgage Daily


7 IDs Earns Woman 5 Years
June 20 -- An Annapolis, Md., woman was sentenced to five years in prison Monday for using false identities to defraud banks, Social Security and multiple insurers of $2.6 million over a three-year span, federal prosecutors said.
read story at Mortgage Daily


Former WV Appraisal Official Pleads Guilty to Appraisal Fraud
June 20 -- CHARLESTON, W.Va. -- A real estate appraiser who once held an appointed position in West Virginia state government faces up to 30 years in federal prison for falsifying appraisal records in North Carolina.
read story at Mortgage Daily


Foreclosure Rescue Scheme Used Mortgage Fraud to Strip Equity
June 20 -- A Chesapeake, Va., man was sentenced to nearly 3 years in prison for his role in a foreclosure rescue scheme. Philip Villasis, 41, received the sentence after pleading guilty to conspiracy to commit wire fraud earlier this year.
read story at Mortgage Daily


Fannie, Freddie Directed to Report Fraud by Seller-Servicers
June 18 -- Mortgage firms approved as seller-servicers with the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp. who are found by a court of law to have committed fraud will now be reported the government. Employees of the firms are also impacted.
read story at Mortgage Daily
(subscription required)

Attorney in $15 Million Mortgage Fraud Case Jailed for Bankruptcy Fraud
June 18 -- Charlotte, N.C., real estate lawyer Victoria Sprouse pleaded not guilty to eight charges relating to bankruptcy fraud Friday morning, and was ordered to stay in jail until her trial by the judge, who described the charges as "breathtaking acts of deception by a trained lawyer."
read story at Mortgage Daily


Title Company President Headed for Prison
June 18 -- A Parkland, Fla., woman was ordered Friday to pay nearly $6.3 million in restitution and serve more than five years in prison for her role in two separate mortgage fraud schemes in Broward and Palm Beach counties.
read story at Mortgage Daily


Salesman Admits to Fraud, Sham Improvements in 2 Home Purchases
June 18 -- Lemuel Thornton, 36, of Las Vegas, admitted late Wednesday to conspiring to defraud mortgage lenders by fabricating loan documents to buy and improve two homes in Riverside County, Calif., according to a statement released Thursday by the Internal Revenue Service.
read story at Mortgage Daily


Developer Admits to Deceiving Countrywide on 2 Mortgages
June 18 -- A former Schenectady County builder pleaded guilty Thursday to charges of attempted second-degree grand larceny, a felony, stemming from a mortgage-fraud scheme in 2006 and 2007, state Attorney General Eric T. Schneiderman said.
read story at Mortgage Daily



Date Defendants State Amount of Loans Overview Source
Jun 22 Hasina Safdari, Idriss Safdari, Josue Loayza, Thomas Gomez, Nicolas Munoz CA $1,200,000 Guilty pleas. Department of Justice
Jun 22 Safiyyah Tahir Battles OK $875,000,000 Convicted. Department of Justice
Jun 22 Deowraj "Deo" Buddhu, Sunita D. Buddhu CT Multiple properties Indicted. Department of Justice
Jun 21 Eric Itzi, Timothy Cook, Eric Maratea, Richard VonMinden, Michael Smith, James Esposito PA Multiple properties Itzi pleaded guilty. Department of Justice
Jun 20 Barbara M. Diaz FL $1,000,000 Pleaded guilty. Department of Justice
Jun 20 Joseph Steven Meyer MN $14,000,000 Pleaded guilty. MortgageDaily.com
Jun 19 Andres Mendez (a/k/a "Andy Mendez, Sr."), Andy Mendez (a/k/a "Andy Mendez, Jr."), Lilia Casal-Diaz, Ayadie Carmen Londono, Josephine Santana, Jose Rafael Martinez, Basilio Gomez, Raquel (Carrie) Martinez, Jose Arnaldo Rosario FL $5,677,500 Indicted. Department of Justice
Jun 19 Vickie Kay Lind MO $391,000 Sentenced to 18 months prison. Department of Justice
Jun 18 Winnie Joanne Barefoot MD $2,600,000 Sentenced to 5 years prison. Department of Justice
Jun 18 Philip Villasis VA Multiple properties Sentenced to 33 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 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