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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.
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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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July 27, 2007
No More Paper
Mortgage lending, traditionally known for
the pounds of paperwork generated with each transaction, is
eliminating pulp from the point of prospecting through the
servicing cycle. Interthinx Inc. said it integrated its
loan-level fraud detection system a loan origination system.
read story from MortgageDaily.com
Woman Faces 15 for Loan Fraud
Ida Mathis admitted that she and the man
she lived with, Larry D. Willis, defrauded New Century Mortgage
by submitting documents with false information, including
fraudulent income statements, to purchase a home and now faces
15 years in prison.
read story from The Kansas City Star
Woman Faces 15 for Loan Fraud
Ida Mathis admitted that she and the man
she lived with, Larry D. Willis, defrauded New Century Mortgage
by submitting documents with false information, including
fraudulent income statements, to purchase a home and now faces
15 years in prison.
read story from The Kansas City Star
July 26, 2007
Businessman Admits Role in HUD Scam
Berne A. Watkins, a real estate developer
and business owner, admitted he collaborated with Aaron R.
Dare by submitting fraudulent documents to AMI Capital for
$2.5 million in federally-insured loans.
read story from Times Union
July 25, 2007
Brokers May Lose Licenses
Poor business management and outright fraud have
regulators in Arizona and California trying to revoke the licenses
of mortgage brokers operating in their states.
read story from MortgageDaily.com
July 24, 2007
Mortgage Insiders Accused of Massive Fraud
Two former employees of Argent Mortgage Co. and three former owners, principals or
employees of brokerages Advanced Mortgage Solutions and Consumer Lending Resources
were arrested on charges of obtaining 180 fraudulent mortgages totaling $18 million
that included home improvement loan borrowers.
MA Closer to Tougher Anti-fraud Laws
In an effort to deter foreclosures, the
Senate endorsed legislation that would make mortgage fraud
a felony and require mortgage brokers to be licensed in
Massachusetts.
read story from WCVB TV
Arson Reveals Mortgage Fraud Scam
The burnt home of Michael Macomber led to
his arrest as investigators allegedly found the property was
set on fire as part of an elaborate mortgage fraud scam.
read story from KHOU
July 23, 2007
Expert Offers Book on Mortgage Fraud
Attendees of RISMedia's upcoming conference will receive a book focusing on how mortgage fraud is committed and how it can be avoided.
Stronger Laws Against ID Theft Sought
The government has proposed legislation that would provide restitution for time lost in repairing damages due to identity theft and would specifically address ID misuses of a corporation.
Suspicious Activity Prompts FBI Probe
Numerous reports of unusual real estate
transactions, including suspected illegal flipping, have
led federal investigators to probe for possible mortgage
fraud in Minnesota.
read story from KARE 11
Man Concealed Scam, Faces Prison
Daniel Floyd faces up to three years
in prison for failing to alert authorities to a scam he
knew others were orchestrating to obtain fraudulent
mortgages totaling almost $2.8 million.
read story from The Clarion-Ledger
Mortgage Co. Owner Admits Fraud
Benjamin Haughney, who owned Four Star
Mortgage Service, pleaded guilty to a scam that caused
up to $2.5 million in damages and in which he submitted
phony documents and appraisals so lenders would qualify
his customers for higher mortgages.
read story from The Times-Tribune
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