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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.
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Archive of FraudBlogger.com entries going back to 2005. |
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Mortgage Fraud Archives
July 24, 2009
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Mortgage Fraud News
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Case Activity
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July 22, 2009
Employment Verification Service Prevents Fraud
A new offering enables credit issuers enforces anti-fraud best practices by combining phone interviews by trained investigators with proprietary queries.
read full press release
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July 21, 2009
Regulations Would Impact Non-Bank Originators, Lenders
Proposed new regulations would require non-bank mortgage lenders and originators to file reports on suspected mortgage fraud and other criminal activity. Such reporting is already required of financial institutions.
read full story at MortgageDaily.com
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July 20, 2009
OK is OK
Mortgage fraud and foreclosures are less of a problem in Oklahoma because the state didn't see much of the real estate frenzy that afflicted other states.
read story from NewsOK
$10 Billion in FL Transactions Identified as Potentially Fraudulent
A study by the Herald-Tribune identified 50,000 transactions involving $10 billion in sales that had a high chance of involving mortgage fraud.
read full story at Herald-Tribune
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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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| Date |
Defendants |
State |
Amount |
Overview |
News
Publication |
| July 23 |
Thomas E. Stringer Sr. |
FL |
1 property in Hawaii |
Former judge charged with fraud on home purchased for stripper agrees to ple deal. |
10 Connects.com
St. Petersburg Times
Associated Press
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| July 23 |
Randal Antoine |
SC |
$328,000 |
Indictment. |
WIS News 10
The State
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| July 23 |
Frank Blake, Maureen Blake, Thomas Ryder, Paul Ryder |
NH |
$300,000 |
Guilty plea. |
Eagle Tribune
Associated Press
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| July 22 |
Cheryl Ann Romero, Jerry Emerick |
MO |
profits of
$2,300,000 |
Guilty plea. |
Kansas City Business Journal
Kansas City Star
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| July 22 |
Michael M. Pope, Tiffany Lynn Sprouts, Marlin Sprouts |
PA |
restitution of
$1,394,851 |
7-year sentence. |
Pittsburght Tribune-Review
Pittsburgh Post-Gazette
Observer-Reporter
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| July 23 |
Michael Lee Wilson |
CA |
n.a. |
Pacific Coast Mortgage owner formally charged. |
Times Press Recorder |
| July 22 |
Rodney McGill, Shalonda McGill |
FL |
$1,000,000 |
Conviction of pastor and his wife. |
12 News |
| July 22 |
Cherly Joan Kassebaum, Scott Allen Kassebaum, Ricky Dean Unruh, Charles M. Davis, Master Marketing Consultants |
MO |
losses of
$497,200 |
Owner of Metro Consulting Group, 1 of 6 defendants, pleaded guilty. |
Springfield Business Journal
Infozine
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| July 21 |
John Barry, |
TX |
n.a. |
25-year sentence. |
Dallas Morning News |
| July 21 |
Michael M. Pope |
TX |
restitution of
$1,394,851 |
Guilty plea. |
The Tribune-Review |
| July 21 |
Claymon 'Butch' Trammell, Jeannettea Williams, Michelle Trammell |
TX |
$2,500,000 |
Husband, wife and daughter arrested. |
FortBendNow.com
San Francisco Examiner
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| July 21 |
Cheryl Joan Kassebaum |
MO |
losses estimated at
$497,200 |
Guilty plea for former mortgage broker and co-owner of Metro Consulting Group. |
KSPR abc |
| July 21 |
J. Larry Kennedy, Keith M. Kennedy, Mark J. Calhoun, April Calhoun, Willie Jones |
MS |
$9,000,000 |
38-count indictment against former closing agents including father-daughter. |
WLBT 3
Associated Press
Jackson Clarion Ledger
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| July 20 |
Marlon Pratt |
MN |
$3,200,000 |
Defendant's attorney requesting that judge be removed from case. |
Star Tribune |
| July 20 |
Kamau Herndon |
OR |
$1,500,000 |
Guilty plea. |
KOIN local 6
Associated Press
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| July 20 |
Gregory M. Finney |
PA |
losses exceeded
$1,000,000 |
Four-year sentence begins. |
Erie Times-News |
| July 20 |
Dea Character, Tyrone Cody,Gregory Lewis, Valerie Shields, Bertha Clark, Greg Lewis, Bertha Clark, Howard Morman, Roy Williams Jr., Khadijah Chapman, |
OH |
$3,000,000 |
Four- and two-year sentence. |
Plain Dealer |
| 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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