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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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Mortgage Fraud Archives
Week Ending August 20, 2010
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Mortgage Fraud News
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Case Activity
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Aug. 17, 2010
Risk of Mortgage Fraud Subsides
U.S. mortgage loans are less likely to involve mortgage fraud than they were three months ago, according to a quarterly index released Tuesday. But the risk of identity fraud was worse.
read story at MortgageDaily.com
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Aug. 13, 2010
Uptown Dallas Hotbed of Fraud
The 75201 zip code includes an arts district, several entertainment centers and lots of swanky high-rise condominiums. An anlysis of mortgages there, however, indicated 13 percent of loans in the are include mortgage fraud.
read story at Dallas Morning News
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Aug. 9, 2010
Sacramento Expands Mortgage Fraud Unit
The district attorney in Sacramento, Calif., has expanded the real estate fraud unit.
read announcement at SACDA.org
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Aug. 6, 2010
RI AG Candidate Targets Net Branch Loophole
Stephen R. Archambault, who is running as a Democrat for Rhode Island attorney general, says mortgage brokers and originators can avoid criminal background checks and license requirements by signing a net branch agreement -- a loophole he hopes to outlaw.
read story at Providence Journal
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Aug. 4, 2010
Fast Growing Fraud Detection Firm Adding 200
Rapid growth at a technology firm that helps lenders identify potential mortgage fraud has it expanding by 200 employees in Florida. The company has doubled in size each of the past three years and expects to do so again this year.
Digital Risk LLC, an Orlando-based company whose newly-opened Jacksonville branch could employ up to 300 people, is like a tech-driven detective agency for the mortgage industry.
read story at MortgageDaily.com
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Aug. 1, 2010
Mortgage Fraud Helps Topple MN Bank
A new government report on mortgage fraud indicates that post-origination reviews by parties other than the lender have grown. More than two-thirds of mortgage fraud reports were filed by institutions overseen by one federal regulator.
read story at MortgageDaily.com
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July 24, 2010
Mortgage Fraud Helps Topple MN Bank
Mortgage fraud by a builder of upscale homes helped bring down a Minnesota bank on Friday.
read story at MortgageDaily.com
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July 16, 2010
Mortgage Fraud Shifts from Brokers to Borrowers
In 2005 the worst 3 percent of mortgage brokers accounted for 100 percent of mortgage fraud. More recent studies indicate borrowers are the cultprit.
read full story at ocregister.com
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July 14, 2010
FHA Fraud Twice as Bad as Conventional
Mortgage fraud is more than twice as high on government-insured loans than on conventional mortgages, according to a new report that also indicated fraud is playing a big role in repurchase demands. The study highlighted a single street in Florida with the highest risk of fraud where prices have tumbled from more than $200,000 to less than $30,000.
read full story at MortgageDaily.com
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June 18, 2010
86 South Florida Defendants Charged
Since March 1, federal charges have been filed against 86 people in South Florida for mortgage fraud.
read full story at Miami Herald
The $2 Billion Mortgage Fraud Sting
More than a thousand defendants who helped close more than $2 billion in fraudulent mortgages have been charged as part of a federal crackdown. Among the defendants were many who are mortgage brokers.
read full story at MortgageDaily.com
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| Date |
Defendants |
State |
Amount of Loans |
Overview |
Source |
| Aug. 20 |
JOE D. GREEN, ONEIKA CARTHON, SAMANTHA GIRARD |
NY |
$600,000 |
10-year sentence. |
NYC.gov |
| Aug. 20 |
Dereck B. Gray II |
IN |
na |
Indictment. |
Justice.gov |
| Aug. 20 |
Sheila Chandler, Gordon B. Rainey, Randall B. Causey, Jeffrey Julkes Jr., Eloise Blackmon |
IN |
na |
Indictment. |
Justice.gov |
| Aug. 20 |
Stewart Morrison IV, Clifford Michael Seibert |
MD |
$795,125 |
Indictments. |
Justice.gov |
| Aug. 18 |
John Fisher, Tracey Balli, Justina Bryan, Delano McLennon |
FL |
$2,500,000 |
Guilty plea. |
FBI.gov |
| Aug. 18 |
Darrell Lynn Marriott, Kandace Marriott, Karen Hayes, Kally Marriott |
TX |
na |
28-year sentence for Darrell. |
Daily Sun |
| Aug. 17 |
Christopher Alan Stapleton, William Straub Jr., Warren Jay Knaust |
FL |
millions of dollars in proceedst |
Guilty verdict for Stapleton. |
Justice.gov |
| Aug. 17 |
Roberto Aguilera |
CA |
$55,000,00 |
Awaiting sentencing. |
UNION-TRIBUNE |
| Aug. 16 |
Colleen Chiavetta, John Chiavetta |
PA |
$600,000 in maximum fines multiple transactions. |
Guilty pleas. |
FBI.gov |
| Aug. 16 |
TENCY FRANCIS, 30 total. |
CA |
multiple properties |
Civil judgment against defendant affirmed by CA appeals court. |
Leagle.com |
| Aug. 16 |
John J. Wanek, Robert Swanigan |
OH |
$38,000,000 |
Guilty plea. Victims included Merrill Lynch Mortgage Lending. |
The Columbus Dispatch |
| Aug. 16 |
Erich Heckler, Brian Chili and Trinity Ruffino |
FL |
$4,000,000 |
Motion to stop co-defendants from testifying against Heckler denied. |
The News-Press |
archived case entries back to 2005
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