twitter linkedin
facebook google+
Mortgage News

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

Mortgage Fraud Feedget RSS code
The latest case activity tracked by for your Web site or for your RSS reader.

Mortgage Fraud Archives
Archive of 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

Mortgage Fraud Archives

Week Ending July 29, 2011

Mortgage Fraud News

Case Activity

Real Estate Agent Caught in $5 Million Condo Scheme
July 28 -- Charges have been filed against a Minnesota real estate agent in a case involving more than $5 million in mortgage fraud on over 130 condominium units.
read full story at

Guilty Pleas in Mfg Housing Scam
July 27 -- Guilty pleas have been extracted from a former mortgage broker and the owner of the manufactured housing dealership that collected $2 million in proceeds as a result of the mortgage fraud scam. The broker's wife is scheduled to be arraigned next month.
read full story at

Real Estate Agent Sentenced in Short Sale Scheme
July 27 -- A real estate agent who pleaded guilty in an elaborate short-sale mortgage fraud scheme has been sentenced to eight months in a federal prison, plus three years of supervised release. A second agent who pleaded guilty awaits sentencing.
read full story at

Mortgage Broker Charged, 5 Others Might Follow
July 25 -- A Minnesota mortgage broker was charged Friday in a $20 million mortgage fraud scam, and the charging papers indicate that the case could eventually pull in several co-conspirators.
read full story at

Cop Avoids Mortgage Fraud Prosecution with Guilty Plea for Unfiled Tax Return
July 25 -- A former Lexington, Ky., police officer, accused of taking part in a conspiracy to defraud mortgage companies of more than $2 million, has pleaded guilty to failing to file an income tax return for 2005. The case has already yielded guilty pleas from a mortgage broker and an attorney who owned a title company.
read full story at

Guilty Plea from Georgia Candidate
July 25 -- The last of three defendants has pleaded guilty for his role in a mortgage fraud scheme that allegedly cost lenders $1 million. The defendant, who previously ran for a spot on a city commission, joins a real estate appraiser in admitting guilt in the case.
read full story at

Scheme Involved 56 properties, 18 Players
July 25 -- A new filing in New Jersey mortgage fraud case indicates that mortgage lenders lost more than $40 million in a scheme involving 56 properties and 18 co-conspirators.
read full story at

Date Defendants State Amount of Loans Overview Source
Jul 29 Jason Rick, Katherine Friske, Jill Reding WA Multiple properties Rick indicted. Guilty pleas from Friske and Reding.
Jul 29 William E. Baker, Garret Griffith Gililland III, Anthony G. Symmes, Shane Burreson (7 total) CA Multiple properties Guilty pleas. Department of Justice
Jul 29 Chamethele McKinney IL Approximately $1,000,000 Guilty plea. Department of Justice
Jul 29 George Guldi, Brandon Lisi NY $80,000,000 Guilty pleas. Sentencing set for August 31.
Jul 28 Ghaith Al Nahar, Michelle Austin Wilks, Romy Defay, Lucien Laguerre, Jeffery Gilbert, Philip Jay Newman FL $9,200,000 Indicted. Department of Justice
Jul 28 Tony Huy Havens CA $3,200,000 Indicted. Department of Justice
Jul 28 Ara Mesropian, Eddie Dukhman, Frank Corallo NJ Multiple properties Guilty plea from Mesropian; Dukhman and Corallo previously charged. Department of Justice
Jul 27 John Siuszko, Charles Harvath NJ $40,800,000 Guilty pleas. Department of Justice
Jul 26 Gerardo Wilhelm, Juan J. Flores, Alejandro Figueredo FL $500,000 Indicted. Department of Justice
Jul 26 Stuart H. Sojcher MA $1,400,000 Sentenced to 24 months supervised release and $1,418,032 restitution.
Jul 26 Michael Fortenberry, Glenn Vaught, Cynthia Fortenberry SC $2,000,000 Fortenberry and Vaught pleaded guilty. Cynthia Fortenberry indicted.
Jul 25 Lindsey Rae Loyear MN $5,000,000 Indicted. Department of Justice
Jul 25 Anna McElaney, Sergio Natera CT $132,500 McElaney sentenced to 8 months prison plus 3 years supervised release; Natera awaits sentencing. Regions Bank a victimized lender. 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

Copyright © 2014 Subscribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

pricing engine directory

wholesale lender directory

More Mortgage News Resources ( 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


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