|
|
|
|
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. |
|
|
Mortgage Fraud Archives
Week Ending August 16, 2012
|
Mortgage Fraud News
|
Case Activity
|
4 Indicted in $158 mil Mfg Housing Mortgage Fraud Scheme
Aug 15 -- CHARLOTTE, N.C. -- A Burlington man faces federal charges of mortgage fraud and impeding a federal investigation and is now considered a fugitive, the U.S. Department of Justice says.
|
Lending Executive Sentenced for Mortgage Fraud
Aug 15 -- The former manager of an Allentown, Pa., mortgage company was sentenced Wednesday to four years in prison for his role in a long-running mortgage fraud scheme.
read story at Mortgage Daily
|
CT Mortgage Fraud Involved Family Members
Aug 14 -- NEW HAVEN, Conn. -- A 62-year-old Southington man pleaded guilty to wire fraud and money laundering charges in federal court on Tuesday, according to a press release from the U.S. Attorney's office.
read story at Mortgage Daily
|
Guilty Plea in $158 Million Mortgage Fraud Case
Aug 14 -- A longtime Charlotte, N.C., loan officer pleaded guilty Tuesday to taking part in a mortgage-fraud ring that rigged more than $158 million in home loans across the Carolinas, resulting in millions of losses to federal loan programs.
read story at Mortgage Daily
|
Prison for Former Chamber of Commerce Official in Hawaii
Aug 14 -- Former Filipino Chamber of Commerce President Stephen Elmer Callo will spend 15 consecutive weekends at the Federal Detention Center in Honolulu for lying about his income on a loan application to get a $554,501 mortgage on a Makakilo home.
read story at Mortgage Daily
|
|
| Date |
Defendants |
State |
Amount of Loans |
Overview |
Source |
| Aug 15 |
Hoda Samuel |
CA |
$5,500,000 in losses |
Sentenced to 10 years. |
Department of Justice |
| Aug 14 |
Joel Tillett |
PA |
$979,562 in restitution |
Sentenced to 4 years. Washington Mutual Inc., Countrywide Home Loans, Mortgage IT, International Mortgage Corporation, and Security Atlantic Mortgage Company victim lenders. |
Department of Justice |
| Aug 13 |
Joseph "Joey" Klakulak, Isaac "Ike" Vinson, Marina McCuen, Roger Dean Bailey |
NC |
Multiple properties |
Klakulak pleaded guilty. |
MortgageDaily.com |
| Aug 13 |
Dennis Wayne Parris, Fabian Sparrow, Andrew B. McKeown, Isaac "Ike" A. Vinson, IV |
NC |
$158,000,000 |
Indicted. |
Department of Justice |
| Aug 13 |
Henry J. Papale |
CT |
At least $500,000 |
Pleaded guilty. |
Department of Justice |
| Aug 12 |
Stephen Elmer Callo |
HI |
$554,501 |
Sentenced to 30 days (15 consecutive weekends). |
MortgageDaily.com |
| Aug 12 |
Ruben Oscar Palagonia |
CA |
Undisclosed |
Arraigned. |
MortgageFraudBlog.com |
archived case entries back to 2005
|
|
|
|
|
|
|
|
