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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.
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. |
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Mortgage Fraud Archives
Week Ending September 24, 2010
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Mortgage Fraud News
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Case Activity
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Sept. 22, 2010
Mortgage Fraud Testimony
A panel of national and local experts told the federal Financial Crisis Inquiry Commission, among other things, that regulation of mortgage fraud is inadequate and financial incentives are misplaced.
read story at the Miami Herald
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Sept. 21, 2010
Mortgage Fraud Testimony
Ann Fulmer, who has been fighting mortgage fraud since 1996, testified before the Financial Crisis Inquiry Commission about the impact of mortgage fraud.
read announcement from Interthinx
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Sept. 17, 2010
Mortgage Fraud on Commission's Agenda
A federal financial crisis commission will discuss South Florida mortgage fraud at a Miami hearing.
read story at Miami Herald
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Sept. 16, 2010
$1.7 Million for Prosecuting AZ Mortgage Fraud
A $1.7 million grant was awarded by the U.S. Department of Justice to Arizona's attorney general's office to fight mortgage fraud in the state.
read announcement from Arizona Attorney General
Freddie Steps Up Fraud Fight
Mortgage firms that sell loans to the Federal Home Loan Mortgage Corp. have new procedures to follow as part of the company's efforts to police and reduce mortgage fraud.
read story at Mortgage Daily
White Paper on Fraud at Lending Institutions
As you think of the suspense-filled spy movies in which the hero must defuse a bomb to save the city, you can hear the familiar “tick, tick, tick” of the bomb’s time clock. With ninja like precision the hero cuts the yellow wire, or maybe the red wire, just in time to stop the clock, neutralize the bomb, and save the day. The rush of adrenaline, the intensive focus, and the danger seem to only last for a few seconds then it is all over and everything is safe.
read full report
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Sept. 13, 2010
Mortgage Fraud Prevented at Application
A company that provides technology for the applications taken by mortgage loan officers has loaded its offerings with technology that helps prevent mortgage fraud.
read full announcement
Calif. Town Sees $150k Mortgage Fraud Grant
The town of Glendale, Calif., has put a $150,000 grant for mortgage fraud to use. So far this year, local law enforcement has worked on 50 cases with 134 defendants.
read story at GlendaleNewsPress.com
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Sept. 2, 2010
Flops, Foreclosures and Fraud
Short-sale fraud, foreclosure fraud and mortgage fraud are all topics that Ann Fulmer is an expert on.
watch full video at FraudBlogger.com
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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
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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
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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
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| Date |
Defendants |
State |
Amount of Loans |
Overview |
Source |
| Sep. 24 |
James Lee Lankford, Jon Vance McDade |
CA |
losses of $10,580,000 |
Charges filed. Wachovia/Wells Fargo Bank among victims. |
StopFraud.gov |
| Sep. 24 |
Jason L. Rabicoff, Eric M. Rabicoff, Bora Ly, Deborah Saulmon,, Anthony E. Carollo, , Rebecca Gelwix,, Anthony Painton Jr., Lucas R. Collier, Kong Bun Ly, Richard Ngek |
KS |
$3,000,000 |
Guilty plea by Eric Rabicoff and Ngek. |
Justice.gov |
| Sep. 22 |
PAUL L. PLAHN |
MA |
1 count |
Probationary sentence. |
FBI.gov |
| Sep. 22 |
Jermaine Frederick Frazier, Eugene J. Lockhart Jr., Donna Lois Kneeland, Bryan J. Moorman, Patricia Ortega Suarez, Michael Anthony Caldwell, William Randolph Tisdale Jr., Hubert Jones III, Lendell Beacham, Suzette Switzer Hinds, Scott David Eller |
TX |
$20,500,000 |
Guilty plea by Frazier. |
StopFraud.gov |
| Sep. 22 |
Syed A. Babar aka “Ali” and “Asad,” MARSHALL ASMAR, WENDY WERNER, REHAN QAMER, MOHAMMAD SALEEM |
CT |
$10,000,000 |
4 charged. |
Justice.gov |
| Sep. 20 |
MARK STEVEN ASHMORE |
WA |
multiple transactions |
Guilty conviction. Pierce Commercial Bank was among victims. |
Justice.gov |
archived case entries back to 2005
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