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Search mortgage fraud news by keyword.
News, analysis and statistics about mortgage fraud.
Stories about individual mortgage crime cases.
Statics by year about real estate fraud.
Quarterly index based on case activity.
Reach mortgage executives, loan originators and other people tied to mortgage industry.
Free mortgage news for prospective borrowers.
Free e-mail newsletter with the latest headlines from MortgageDaily.com.
The latest case activity tracked by FraudBlogger.com for your Web site or for your RSS reader.
Archive of FraudBlogger.com entries going back to 2005. |
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Last Updated Monday, July 20, 2009 07:35 PM CST
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Mortgage Fraud News
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Case Activity
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July 17, 2009
FERA Now Law
The Fraud Enforcement and Recovery Act of 2009 was signed by President Barack Obama on May 20. The new law provides government agencies with increased funding and more stringent legislation.
read story at Law.com
NV Fraud Soaring
Nevada ranked as one of the top 20 states for mortgage fraud, while Las Vegas FBI investigations have doubled.
read story at Las Vegas Sun
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July 14, 2009
MO AG Testifies in DC
Missouri Attorney General Chris Koster was scheduled to testify before a U.S. Senate committee about mortgage fraud.
read story at KSPR News
30,000 Fraud Fighters
More than 30,000 people from nearly 4,500 have been trained to fight mortgage fraud by Interthinx since the California-based company launched in 2005.
read full press release
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July 13, 2009
Miami Flooded
The FBI's Miami field office received 5,155 suspicious activity reports during 2008 -- the second worst of any state.
read story at The Palm Beach Post
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July 10, 2009
Freddie's Tips
Freddie Mac advised lenders it buys loans from to be vigilant in their efforts to detect fraud through their origination practices. The secondary lender laid out a number of steps seller-servicers should follow.
read bulletin at FreddieMac.com
FBI Tips
Among several fraud prevention tips recently offered by the FBI was the old saying, "If it sounds too good to be true -- it probably is."
read full FBI announcement
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July 7, 2009
Mortgage Fraud Headed Higher
During fiscal 2008 -- which ended on Sept. 30 -- 63,713 mortgage fraud Suspicious Activity Reports were referred to law enforcement, the Federal Bureau of Investigation said today in its 2008 Mortgage Fraud Report.
read full article at MortgageDaily.com
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July 3, 2009
NY Fraud Task Force Formed
The district attorney of Westchester County, N.Y., has formed a task force to to actively investigate mortgage fraud and is seeking $1.1 million from the U.S. Department of Justice.
read full story at Westchester.com
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June 29, 2009
PA Passe Fraud Legislation
Two new laws passed in Pennsylvania are designed to prevent a repeat of the kind of fraud committed by Wesley Snyder -- who tricked borrowers into sending payments to him under the false premise that he would pay down their loans early.
read story from Harrisburg Times
read story from Associated Press
Reporting Mortgage Fraud
Residents in the Indianapolis are should report suspected mortgage fraud to either the FBI's local field office, the state attorney general's consumer protection division or the local HUD office.
read full story at the The Star
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June 24, 2009
Convicted Fraudster Busted for Bigamy
Victor Clavizzao, who had already been convicted of mortgage fraud in a $5 million scheme, married for the fifth time even though he hadn't divorced his first or fourth wives.
read story at the Sun Sentinel
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June 23, 2009
Florida Fraud Fight
Police in Miami-Dade County made fighting mortgage fraud a top priority as early as 2006.
read story at Huffington Post
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June 22, 2009
Fraud Avoidance Tips
Among tips outlined for avoiding mortgage fraud were to be careful what you sign, be wary of direct solicitation and get professional advice.
read story at Examiner.com
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June 17, 2009
First American Acquires Mortgage Fraud Firm
First American CoreLogic announced today the acquisition of BasePoint Analytics LLC -- a firm that specializes in mortgage fraud prevention.
read full story at MortgageDaily.com
Gov Report Gives Safe Harbor on Info Sharing
The Financial Crimes Enforcement Network said financial institutions will be shield from civil liability under the Patriort Act if they share information with each other about crimes such as mortgage fraud.
read full Dow Jones story
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| Date |
Defendants |
State |
Amount |
Overview |
News
Publication |
| July 17 |
Angelo Mancini III |
MN |
$163,000 |
Loan officer pleads guilty. |
Pioneer Press |
| July 17 |
Robert Arakelian, Pittsburgh Home Loans |
PA |
$1,000,000 |
Guilty plea. Sentencing scheduled for Nov. 13. |
The Tribune-Review |
| July 17 |
Linda Carnagie, |
CO |
unknown but restitution of:
$206,693 |
41-month sentence. |
Denver Business Journal
Denver Post
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| July 16 |
John L. Chaffo, |
PA |
n.a. |
Real estate attorney charged. |
Murrysville Star |
| July 15 |
Quentin Henley |
MO |
$3,600,000 |
Indictment. |
Kansas City Business Journal
Infozine
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| July 15 |
Diane H. Frederick Atari |
VA |
losses estimated at:
$50,000,000 |
Indictement. involving more than 100 borrowers. Defendant suspected of fleeing to Jordan. |
WRIC Richmond News
Leesburg Today
Washington Post
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| July 15 |
Gregory S. Chew, Peggy Pierson, Richard Confer Jr., |
OH |
$17,000,000 |
Indictment. |
WHIO Dayton |
| July 15 |
John Barry |
TX |
unknown but "hundreds of thousands" |
25-year sentence. |
The Dallas Morning News
McKinney Courier-Gazette
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| July 15 |
Bernardo Katz, John L. Chaffo Jr., Michael Dokmanovich, Daniel Smithbower, John Orth, Nicholas DeRosa, Antony J. Staph Jr., Robert Ratkovich, Colleen Chiavetta, John Chiavetta, David McCloskey, Karen Atkison, Daniel W. O'Connor, Lawrence J. Kraynak, |
PA |
$700,000 |
Indictment for fugitive. |
TRIBUNE-REVIEW
Pittsburgh Post-Gazette
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| July 14 |
Benjamin F. Tubbs |
OH |
$9,000,000 |
Defendant surrendured to authorities. |
nbc4i |
| July 14 |
Rodney McGill, Shalonda McGill |
FL |
$1,000,000 |
Case begins. |
TC Palm |
| July 14 |
Reginald Davis, Micaiah Pruitt |
TX |
$895,000 |
Guilty plea |
Dallas Business Journal |
| July 14 |
Michael Lee Wilson |
CA |
n.a. |
Deeds-of-trust forged in Ponzi scheme. Arrest. |
MortgageDaily.com |
| July 13 |
Kurt Fordham, Joy Jackson, Jennifer McCall, Katisha Fordham, Richard Allison, Clifford McCall, Carlisha Dixon, Chandra Jones, Ronald Aaron Chapman, Wilbur Ballesteros, Fordham & Fordham Investment Group Ltd. |
DC |
$35,000,000 |
10-year sentence in case tied to Metropolitan Money Store. |
Associated Press
Washington Examiner
Imperial Valley News
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| July 10 |
William 'Bill' Anastapolous, Tucson Mortgage LLC, Darren Breen, Dave Klein, Amaury Leon, Thomas Piazza, Andrew Silverstein, Vince Volpe, Anthony Zandonatti, AZI Rent2Own, RTOSearch.com, AZIRent2Own LLC dba Arizona Investments, VinLan Ventures LLC dba RE/MAX All Executives, WGA Enterprises LLC dba RE/MAX All Executives |
AZ |
unknown but investors bilked out of as much as
$10,000,000 |
Civil complaint accuses defendants of hiding borrower liabilities. |
Arizona Daily Star |
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