twitter linkedin
facebook google+
Mortgage News

Search
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 MortgageDaily.com.

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

Mortgage Fraud Archives
Archive of FraudBlogger.com 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

Sign Up for Free Mortgage Fraud Newsletter



Mortgage Fraud Archives

Week Ending August 27, 2010


Mortgage Fraud News

Case Activity

Aug. 24, 2010


Texas Family Mired in Mortgage Fraud
The Corsicana Daily Sun is running a four-part series on the Texas Marriotts.
read story at Corsicana Daily Sun
Aug. 23, 2010


350 FBI Agents Dedicated to Mortgage Fraud
More than 350 of the 13,000 agents employed by the Federal Bureau of Investigation are devoted to mortgage fraud.
read full story at WITN


Mortgage Fraud Cases Jump 55%
A big surge in the number of active mortgage fraud cases helped push the Second Quarter 2010 FraudBlogger.com Index higher. The heavier caseload follows increased efforts by the Obama administration to prosecute mortgage crimes.
read full announcement
Aug. 21, 2010

Story of Bonny and Clyde of Mortgage Fraud
In 2004, Matthew Bevan Cox and Rebecca Marie Hauck were dubbed the "Bonny and Clyde of mortgage scams" by MortgageDaily.com. The two fugitives were on a mortgage fraud spree.
read article - watch video
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
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
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
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
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.
read story at MortgageDaily.com
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
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
Date Defendants State Amount of Loans Overview Source
Aug. 27 Donna Demello, James Delbert McConville, Araks Davoudi, CA $20,000,000 Guilty plea by Demello. FBI.gov
Aug. 27 GEORGE ESSO, RAVI PERSAUD NY $23,000,000 Guilty verdict. Justice.gov
Aug. 27 Kyle Grasso, Lila Rizk, Elliott Fitzgerald, Mark Alan Abrams, Nicole LaViolette, Jamieson Matykowski, Timothy Holland, Richard Maize, Thomas R. Schiff, L. Scott Robinson

CA losses exceeded $40,000,000 78-month sentence for Abrams. FBI.gov
Aug. 27 Aaron V. Hernandez VA losses exceeded $4,500,000 63-month sentence. FBI.gov
Aug. 27 Erik Adams, Lonna O'Steen AL fines up to $1,000,000 Guilty pleas. PNJ.com
Aug. 27 Leroy S. Steele, Brian Destefanis, Todd Cerankowski, Frank Ruggiero, Nicki McMannis, Andrea Destefanis, Donna Destefanis, Paul Gosden OH 40 properties 3-year sentences. Ohio.com
Aug. 27 William D. Timberlake VA $2,200,000 18-month sentence. HamptonRoads.com
Aug. 26 MICHAEL DAVID SCOTT, Arthur Samuels, Jerrold Fowler MA 22 counts Charges filed. FBI.gov, Boston.com
Aug. 26 Edward L. Carpenter AZ proceeds of $257,398 Guilty conviction. AZAG.gov
Aug. 26 Matthew A. Kim VA losses fo $1,900,000 Guilty plea. FBI.gov
Aug. 26 Victoria Sprouse NC $5,000,000 New trial sought by defendant. WCNC.com
Aug. 25 Ron Bordelle Williams AL 1 transaction. 1-year sentence. Press-Register
Aug. 25 Allen Seymour, Raymond A. Desautels III, Judith Piette, Jason Passell, Thomas Itemere, Erik Tancun MA $1,000,000 Sentence of probation for Itemere. Telegram.com
Aug. 24 Michael Dokmanovich PA multiple 41-month sentence. Justice.gov

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 MortgageDaily.com.


Copyright © 2014 MortgageDaily.com
MortgageDaily.com Subscribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

pricing engine directory

wholesale lender directory

More Mortgage News Resources (MortgageDaily.com 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

MBS

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