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 August 26, 2011

Mortgage Fraud News

Case Activity

Town Official Sentenced for Mortgage Fraud
August 25 -- Richard A. Sand, 59, of White Bear Township, was sentenced to 30 months in prison today for his role in a $2 million fraudulent loan scheme.
read full story at

4th Plea in $2.9 Million Case
August 25 -- A fourth person has pleaded guilty in U.S. District Court in Lexington, Ky., in connection with a multi-million-dollar mortgage fraud scam.
read full story at

Mortgage Broker Pleads Guilty
August 25 -- ST. LOUIS -- A St. Charles County, Mo., mortgage broker pleaded guilty to two federal wire fraud charges late Monday and admitted a mortgage fraud involving four St. Louis homes that cost lenders more than $200,000.
read full story at

Title Agent Admits Role in Appraisal Fraud
August 22 -- A Florida title agent has pleaded guilty to playing a role in a scheme that utilized fraudulent appraisals.
read full story at

Date Defendants State Amount of Loans Overview Source
Aug 26 Justin Zhu, Darnell Mason TX $2,000,000 Guilty plea from Zhu. Mason previously pleaded guilty.
Aug 26 Roy Fluker, Roy Fluker, III, Ronnanita Fluker IL $18,000,000 Sentences: Roy Fluker senteced to 15 years prison; Roy Fluker III and Ronnanita Fluker both sentenced to 8 years prison. $7,336,957 in restitution. Department of Justice
Aug 25 Alex Gambini PA Up to $2,500,000 Sentenced to 51 months prison. Restitution to be determined at a later date. Department of Justice
Aug 25 Sean McClendon, Anthony Salcedo, Anthony Williams CA Four properties causing more than $1,000,000 loss Indicted. Department of Justice
Aug 25 Darryl Lee Hanneken, Robert Edward Herdrich IA $3,700,000 Both sentenced to 40 months prison plus 5 years supervised release and $869,464 in restitution. Department of Justice
Aug 25 Tonia Raisbeck MI Multiple properties Convicted.
Aug 25 John C. Lucidi, Jr. PA $7,000,000 Guilty plea. Bank of America, CitiMortgage, Countrywide Bank, First Magnus Financial, JP Morgan Chase, PNC Bank, Wells Fargo victim lenders. Department of Justice
Aug 25 Richard A. Sand, Brenda Epperly, Donald W. Krause MN $2,000,000 Sand sentenced to 30 months prison; Epperly sentenced to 6 months prison; Krause awaiting sentencing. Department of Justice
Aug 23 Lance A. Collins AL Multiple properties Guilty plea. Department of Justice
Aug 23 James Andrew Lawyer UT $975,000 Guilty plea. Sentencing scheduled for October 26. Department of Justice
Aug 23 Robert Frank Hayes (aka Frank William Bauman) NM $192,059.62 in restitution Sentenced to 5 months prison plus 5 months home confinement. Department of Justice
Aug 23 Ruth E. Vetri FL $355,766 Guilty plea.
Aug 23 Kathleen Harps VA Multiple properties Guilty plea. Department of Justice
Aug 23 Ronald J. O'Malley, Laura-Jean Arvelo, Edward Olimpio, Daniel Gilmore, Rachell Fischbein NJ Multiple properties Guilty pleas from O'Malley and Arvelo. Olimpio, Gilmore, and Fischbein previously pleaded guilty. Department of Justice
Aug 23 Mickey Johnson MO $200,000 Pleaded guilty after first day of trial. 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