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 September 21, 2012

Mortgage Fraud News

Case Activity

Bank Executive Admits Role in $45 Million Mortgage Fraud Case
Sept. 19 -- Shawn Portmann, a former Pierce Commercial Bank mortgage executive, pleaded guilty Tuesday in federal court to his leading role in a mortgage-fraud scheme that generated at least $45 million in tainted loans and brought down the bank.rtgage Daily

Meeting Addresses Mortgage Fraud, Appraisals
SANTA ANA, CALIF. -- (Sept. 19, 2012) A private event being held this week in Chicago will address issues related to mortgage fraud and home valuations.
read full announcement at Mortgage Daily

Mortgage Fraud Defendant Loses Restitution Appeal
Sept. 18 -- A defendant in a mortgage fraud case appealed the amount of restitution ordered in his case, arguing that most of the losses were the result of a battered housing market and not from his admitted actions. He might have found a more sympathetic ear had his appeal been heard in another circuit.
read story at Mortgage Daily (subscription required)

Montana Mortgage Broker Pleads Innocent
Sept. 17 -- A West Glacier, Mont., mortgage broker pleaded not guilty Wednesday in U.S. District Court to two counts of bank fraud and one count of wire fraud involving a total of $525,000.
read story at Mortgage Daily

Fake VOEs, Inflated Values Used to Mask Mortgage Fraud
Sept. 17 -- A Baltimore man pleaded guilty in federal court Friday to conspiracy to commit wire fraud because he and others secured mortgages for six homes in Upper Fells Point with fraudulent information, prosecutors announced.
read story at Mortgage Daily

Calif. Mortgage Broker Sentenced to 3 Years
Sept. 17 -- A Chico, Calif., mortgage broker was sentenced Friday in federal court in Sacramento to three years and 10 months in prison for her role in a mortgage fraud scheme.
read story at Mortgage Daily

Date Defendants State Amount of Loans Overview Source
Sept. 21 Anthony Haynes FL $990,000 Pled not guilty. SunTrust victim lender.
Sept. 21 Eduardo Ruiz, Gilma Ruiz, Francisco Ruiz CA $30,000,000 Eduardo sentenced to 9 years, Gilma sentenced to 2 years, Francisco sentenced to 18 months. Department of Justice
Sept. 21 Chris T. Belin, James E. Fink, Jimmy Hitchcock, Mitzi Jackson, Michelle V. Mallard, (aka Michelle V. Crawford), Coley Scagliarini, Arketa Banks, Jeffrey Viegas, Bonnette Bradley (50 total) NC Multiple properties Indicted. Banks, Viegas, and Bradley also pled guilty. Department of Justice
Sept. 20 Winston Lum, Jay Shah, Melvin Emerich, Kaushal Niroula, Grachelle C. Languban CA $5,500,000 Lum, Niroula, and Shah convicted. Shah and Languban fugitives. San Francisco District Attorney
Sept. 20 Denise Bonfilio PA Multiple properties Convicted. Department of Justice
Sept. 20 Marc D. Foley MA $4,900,000 Convicted. Department of Justice
Sept. 20 Ryan William Costo CA $6,300,000 Indicted. CitiMortgage Inc., WaMu, and Bank of America victim lenders. Department of Justice
Sept. 20 Edul Ahmad NY $50,000,000 Tentative plea deal reached.
Sept. 19 Deanna Helen McAtee MT Multiple properties Dismissed from case.
Sept. 19 Svetlana Dubinsky, Serge Doubinski, Zinayda Chekayda, Volodymyr Dubinsky, Leonid Doubinski, Edward Khalfin, Robin Dimiceli, Diana Woods, Kory Schmidli CA Multiple properties Indicted. Department of Justice
Sept. 19 Joel Blanford, William T. Bridge, Paul Bridge, John Ngo, Iftikhar Ahmad, Manpreet Singh, Jose Serrano CA $1,821,950 in restitution Blanford convicted. Department of Justice
Sept. 18 Christopher Colatrella, John T. Colatrella, Alexis Colatrella, Vincent Veritas, Delores Cittadino, Martin D'Amato, Clara Carr NJ $2,000,000 Indicted. Lehman Brothers Bank, JP Morgan Chase Bank and Washington Mutual Bank victim lenders.
Sept. 18 Mark J. Bellotti, Jonathan P. Domash, Leonardo A. Hernandez NJ $2,671,400 Bellotti sentenced to 5 years. New Jersey Attorney General
Sept. 18 Shawn L. Portmann, Jeanette R. Salsi, Adam S. Voelker, Sonja L. Lightfoot WA $45,000,000 Pled guilty. Pierce Commercial Bank a victim lender. 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