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


 
 
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.

Mortgage Fraud Newswire

By COCO SALAZAR


send your comments or links


Last Updated Friday, June 29, 2007, 4:49 PM Texas Time
photo of Coco Salazar
 

June 29, 2007

Course Creates Specialists Against ID Fraud
Identity theft risk management training and certification course available.




Fraud Research Off
Experts are finding fault in research that ranked Enid, Okla., second in the nation in potential mortgage fraud involving subprime loans.


read story from Enid News




Man Admits Mortgage Fraud Role
Michael Rodd pleaded guilty to conspiring in an alleged mortgage fraud scheme involving the sale of former Jackson County Executive Katheryn Shield's home.


read story from the Kansas City Business Journal




RE Agents to Lose License
Stonewood Consulting Inc. and its broker, Hendrix Moreno Montecastro, will forfeit their real estate licenses after accusations that they used inflated appraisals to get commissions off of fraudulently-obtained mortgages intended for investor homes.


read story from Press-Enterprise




Unlicensed Loan Impostor Strikes
Kentucky banking regulators warned that Kentucky Title Loans Inc., which is not licensed as a mortgage broker or lender, appears to be defrauding consumers by requiring an upfront payment on offerings of mortgage loans.


read story from the Business First of Louisville




Dozen Charged in Mortgage Scam
Twelve individuals in Ohio are facing criminal charges for participating in a scam that used false identities and paperwork to steal about $2 million from mortgage brokers.


read story from NBC 4




Man Gets 10 for Fraud
Ishmael Grant was sentenced to 10 year for being involved in a mortgage fraud and identity theft ring that used stolen IDs to obtain more $10 million in home loans.


read story from the South Florida Sun-Sentinel




June 27, 2007

States Tackle Fraud with Legislation
Several states -- including the mortgage fraud hotbeds of Florida and Georgia -- have toughened mortgage laws in efforts to continue crackdowns on mortgage fraud.


read story from MortgageDaily.com




FHA Violators Settle with HUD
The U.S. Department of Housing and Urban Development is touting hundreds of
thousands of dollars in settlements it has extracted from originators of
government-insured loans over mortgage fraud and other operational issues.


read story from MortgageDaily.com




Man Indicted on Mortgage Fraud
Within the 14 felonies George M. Riley Sr. was indicted on, is one in connection to defrauding Manhattan Mortgage Co. of over $100,000 through misrepresenting facts for a residential mortgage.


read story from the Newspaper Network of Central Ohio




Developer's Money for Protection
Homebuilder Gene Percudani will pay $250,000 that will be used for consumer protection campaigns, but the borrowers he is accused of defrauding through deceptive ads and appraisals will not get restitution.


read story from The Philadelphia Enquirer




June 26, 2007

Anti-money Laundering Initiative Begins
FinCEN to adopt new examination for community banks on anti-money laundering.




Free Credit Monitoring Service Launched
Company partners with Experian Consumer Direct to help protect its customers from identity theft.




Appraiser to Contest Suspension
Julie M. O'Gorman, president and owner of Front Range Real Estate Consultants, will fight the license suspension Colorado regulators imposed for allegedly overvaluing properties.


read story from The Tribune




Ex-investment Chief Gets Sentence
Maurice Bethea, former chief of investment firm Alexis Enterprises, received an 18-year prison sentence for allegedly using investor money to buy land through fraudulent mortgage applications.


read story from the Charlotte Observer




Poor Originator Regulation Fuels Inflated Values
Appraisers blame poor regulation of mortgage brokers and lenders for the pressure they receive to inflate home values in order to keep getting business.


read story from Yahoo! Finance




June 25, 2007

Man Gets Mortgage with Rented ID
A domestic battery complaint led police to discover that Joel Garibay-Urbina obtained a job and a mortgage through a birth certificate he rented for $800.


read story from KSFM 5




Mortgage Troubles Solved, Rewarded
Anna Marks will soon be sentenced to prison after using the mortgage money of her elderly aunt for gambling -- but the aunt and the agency that tipped off Wells Fargo Home Mortgage to the scam were rewarded.


read story from News 25

Coco Salazar is an associate editor and staff writer for MortgageDaily.com.

e-mail: MortgageWriter@aol.com



read archived blog entries

 
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