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Mortgage Fraud News
News, analysis and statistics about mortgage fraud.

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Stories about individual mortgage crime cases.

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Statics by year about real estate fraud.

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Mortgage Fraud Archives
Archive of FraudBlogger.com entries going back to 2005.

Mortgage Fraud Archives

Week Ending July 31, 2009


Mortgage Fraud News

Case Activity

July 31, 2009

Judge Accused of Bias in Foreclosure Case
A loan closed by Centex Home Equity Corporation, which now operates as Fortress Investment Group LLC subsidiary Nationstar Mortgage LLC, is at the center of allegations of bias by borrower Sun-Ming Sheu.
read full story at Black Star News
July 28, 2009

218 South Floridians Charged Since 2007
Since launching a federal-state mortgage fraud initiative in September 2007, 218 people have been in schemes involving more than $268 million.
read Associated Press story
July 27, 2009

Miami-Dade 2nd Highest in Fraud Reports
With 5,155 reports of mortgage fraud, the Miami-Dade office of the FBI had the second-highest activity in the country during 2008.
read story at South Florida Business Journal
July 25, 2009

FL AG Concedes Did Nothing to Stop Fraud
Florida's attorney general conceded that his agency did little to stop the more than 50,000 cases of potentially illegal real estate flipping deals uncovered by the Herald-Tribune.
read story at Herald-Tribune
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
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
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
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
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
Date Defendants State Amount Overview News
July 30 Milennys Foira, Richard Diaz FL $450,000 Defendants charged. FBI Announcement
July 30 Stephen LaLonde FL $1,000,000 Defendants charged. FBI Announcement
July 30 Fielding Dameron FL $9,800,000 Defendants charged. FBI Announcement
July 30 Sixto Figueroa, Susy Figueroa, Rolando Herrera, Manuel Garcia, Yolanda Garcia-Montes FL $830,000 Defendants charged. FBI Announcement
July 30 Bryan A. Guarch, Richard Pi, Edwin Garcia, Carlos Martinez, Wayne Bermudez, Oscar Quintero, Sunsy Garcia, Ryan Barouh, Jason Cuza, Anthony Silverio, Rafael Jaramillo, Mario Estrada Mora, Vanessa Negron FL $4,000,000 Defendants charged. FBI Announcement
July 30 Mayra Rodriguez, Lucia Peluffo, Nelson Bermudez, Yamile Segurola, Carlos Rodriguez, Mayelin Salas, Nelida Rodriguez, Sonya Balmaseda, Jorge Egeraige, Jaime Rojas, Alejandro Rabelo, Pedro Huezo, Jose Arriete, Gerard Wenzel, Elias Fleites, Marcelo Fernandez, Lucy Segurola, Ricardo Segurola, Jorge Lugo FL $21,000,000 Defendants charged. FBI Announcement
July 30 William Earl Nichols, LA $500,000 Arrest for former owner of Southern Funding Mortgage. TheTownTalk.com

Associated Press

July 30 Pierre Chabot Jr., Jon Mills, Joseph LeMay, Sharon Kosciusko RI $10,000,000 Innocent plea. The Boston Globe

Associated Press

July 30 Kandace Marriott TX n.a. Guilty plea for defendant already sentenced to a century of incarceration another case. KLTV 7 News
July 30 Jessica A. Zbacnik, OH $4,000,000 Guilty plea. Middletown Journal
July 30 Matthew Tucker, MO losses of
Guilty plea. Lee's Summit Journal
July 30 George Hajati aka Gjergji Hajati, Justice Williams, Douglas Sheehan, Rocky Hill CT $1,000,000 Indictment for owner and processor of Connecticut Partners Mortgage. The Hartford Courant

New Britain Herald

July 30 Daniel Verdia, Don Apolito, Jaye Miller, Chrystal Paling, Robert Gorman, Philip Blanch NJ $1,000,000 Arrests and surrender of owner, affiliates of Challenge Mortgage Services LLC and Monarch Mortgage Services LLC. FBI announcement

Bergen County News

July 29 Richard A. Forde, also known as Euburn Richard Forde, Alladean M. Allobaidy, David Freelander VA $3,900,000 42-month sentence Imperial Valley News
July 28 41 defendants FL $40,000,000 41 charged in six cases. FBI Announcement

Associated Press

Miami Herald

July 28 Stacey Lynn Chamberlain, VA $489,900 45-month sentence. Richmond Times-Dispatch

Associated Press

July 27 Matthew Tucker MO $2,700,000 Guilty plea. Kansas City Star

Kansas City Business Journal

July 27 Claymon "Butch" Trammell, Michelle Trammell, Jeannettea Williams TX $2,500,000 Husband, wife and daughter arrested. FBI
July 27 Anita Andres Mendoza CA $900,000 Guilty plea. Inland Valley Daily Bulletin
July 25 Christopher W. Meeks IN n.a. Arrest. The Star Press
July 25 Carol Smith, OH $2,900,000 5-year sentence. The Plain Dealer

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