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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 October 01, 2010
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Mortgage Fraud News
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Case Activity
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Oct. 1, 2010
LA Hosts Mortgage Fraud Summit
Representatives of the Financial Fraud Enforcement Task Force met in Los Angeles on Sept. 30.
read FBI announcement
LA Has Most Fraud Reports
Based on mortgage fraud reports made since 2008, Los Angeles ranks as the worst city.
read story at DailyNews.com
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Sept. 29, 2010
Mortgage Fraud Summit Moves to Central California
A federal panel heard from real estate agents, attorneys and members of the public at an event held in Fresno, Calif. read FBI announcement | read article at ABCLocal.go.com
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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 |
| Oct. 1 |
Scott Whatcott, Ramona Fricosu |
CO |
scheme |
Indictment. Victims include Wells Fargo Home Mortgage, USAA Federal Savings Bank, Sun Trust Mortgage, Taylor Bean & Whitaker, Nexgen Lending Inc., National City Mortgage dba PNC Mortgage |
StopFraud.gov |
| Oct 1 |
James William Fox II |
MD |
losses between $1 mil and $2.5 mil |
Guilty plea. |
FBI.gov |
| Oct. 1 |
Terry Hart, Diane Shelton, Mark Brow |
IL |
$3,000,000 |
Guilty conviction for Hart. Victim was Staley Credit Union |
Justice.gov |
| Oct. 1 |
KENNETH PERKINS |
CT |
losses of $1.5 million |
Guilty plea. |
Justice.gov |
| Oct. 1 |
Yi Feng "Penny" Reid, Yu Jane Chen, George Liu, Ji Gang Chen |
NJ |
$1,150,000 |
3-year sentence for Reid, guilty plea by Chen. |
The Associated Press, northjersey.com |
| Sep. 30 |
Demetrius G. Gianopoulos |
CO |
$570,000 |
Indictment. Victims include Countrywide Bank, PHM Financial Inc. dba Professional Home Mortgage |
StopFraud.gov |
| Sep. 30 |
Gilberto Luna |
FL |
$1,000,000 |
Arrest. |
fdle.state.fl.us |
| Sep. 30 |
Juan Rangel, Javier Juanchi, Pablo Araque |
CA |
$11,000,000 |
Indictment. |
FBI.gov |
| Sep. 30 |
Tiffany Travis |
SC |
$1,602,200 |
Guilty plea. Victims included JPMorgan Chase, Counrywide Bank and National City Bank. |
Justice.gov |
| Sep. 29 |
Justin Dee Linder, Kelly Jo Linder, Gregg Borchardt, Hector Secco |
CA |
$9,000,000 |
Charges filed. (this entry was added after publication of Q3-2010 Mortgage Fraud Index report and not included) |
www.co.fresno.ca.us |
| Sep. 29 |
Wade M. Entezar, Vladislav Baydovskiy, Carl Van der Merwe, Geneva Entezar |
WA |
$47,000,000 |
Home raided by federal offiicials. |
SeattlePI.com |
| Sep. 28 |
Eddie Zaben |
MI |
restitution of $3 million |
Guilty plea. |
Michigan.gov |
| Sep. 28 |
Bernadette Nicholas, Kevin D. McAllister, Wayne Rosen |
PA |
$30,000,000 |
Indictment. Malvern Federal was a victim. |
Justice.gov |
| Sep. 28 |
BRIAN STEPTOE, NATASHA STEPTOE |
GA |
$400,000 |
54-month sentence for Brian, 20-month sentence for Natasha. |
Justice.gov |
| Sep. 27 |
Michael Jacoby, Derek Zar, Susanne Zar, Michael Macy |
CO |
losses of $2.5 mil |
Indictments. |
StopFraud.gov |
| Sep. 27 |
Jeremie Sheneman |
IN |
$4,000,000 |
Indictment. |
Justice.gov, SouthBendTribune.com |
| Sep. 27 |
John Wanek, Robert Swanigan |
OH |
$38,000,000 |
9-year sentence for Wanek. |
www.ohioattorneygeneral.gov |
| Sep. 27 |
ARTHUR SAMUELS, Michael R. Anderson, Michael David Scott, Thursa Raetz, Jerrold Fowler |
MA |
27 condos |
Not guilty pleas entered by some defendants. |
www.boston.com |
| Sep. 27 |
Blair Witkowski |
SC |
losses up to $7 mil |
Guilty plea. |
islandpacket.com |
archived case entries back to 2005
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