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


 
 
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.

Mortgage Fraud Newswire


send your comments or links


Last Updated Friday, October 3, 2008 10:00 PM Texas Time
 

October 3, 2008


Fake Documents Submitted
The last of three to plead guilty in a two year long mortgage fraud scheme admitted to supplying false documents, including job histories and W-2 forms so applicants could obtain higher loan amounts than they would otherwise qualify for.





Like Father, Like Son
A father and son were indicted on fraud charges along with the mortgage broker who helped them submit bogus mortgage applications on 12 properties in Missouri. The sales price of the properties was $2.7 million.





Whoís Blaming Whom?
A Hennepin County District jury is deliberating for a third day in the case of Minneapolis woman accused of mortgage fraud. Her attorney claims she is innocent, that as a real estate agent she was just doing her job. Prosecutors accuse her of recruiting straw buyers as clients.





New York Ends Flipperís Scheme
New York Attorney General Andrew Cuomo has ordered a New York City businessman to discontinue the purchase of any investment property in the state without posting a $1 million bond and ordered him to pay $3 million in restitution.





Broker Owes Chase $3,900
Avoiding prison time, a mortgage broker who admitted to falsifying information on one $322,700 mortgage loan will be fined $10,000 and sentenced to probation. Plus, he must repay the $3,900 that Chase lost in the deal.





October 2, 2008


Banks Face Mergers, Regulatory Orders
A new real estate investment trust is being launched, an order was issued against a bank officer accused of mortgage fraud and Fannie Mae and Freddie Mac faced grand jury subpoenas and securities regulatory inquiries. Meanwhile, dozens of other banks faced a host of regulatory orders and a growing number of institutions face mergers.





Mortgage Fraud Investigator Agent of the Year
A Florida Department of Law Enforcement agent has been honored for her outstanding mortgage fraud work over the last year.





New Foreclosure Fraud Protection Act
The new legislation now requires that any program or deals made in regards to foreclosure relief be put in writing and that the agency recommend homeowners consult their mortgage company before signing.





112 Charged in One Year
Over the last year, South Florida prosecutors have charged 112 individuals for mortgage fraud that has exceeded $176 million in loan volume. Accounting for almost a one-fourth of the nationís mortgage fraud, Florida is leading the nation.





Nationwide Task Force on Senate Floor
Florida Senators Mel Martinez and Bill Nelson are again requesting the U.S. Senate to pass legislation that would allow for the creation of a Nationwide Mortgage Fraud Task Force.





October 1, 2008


Prevention for the Nationís #1 Crime
ID Theft is said to cost about nine million Americans more than $1.2 billion a year. One company is trying to raise awareness of its prevention this month, as October is Crime Prevention Month.





Circuit Court Judge Gets Birdís Eye View
A veteran Miami Circuit Court judge that has served the last three years in the Probate Division said the housing crisis has complicated probate procedures.





Straw Buyer for Cop Sentenced
The owner of a home remodeling company posed as a straw buyer in a flipping scheme to help a former South Bend, Ind. police officer. After pleading guilty he has been sentenced to 18 months in prison followed by three years supervised release and ordered to pay $225,000 in restitution, an amount estimated to be the equivalent to what he made from the fraud scheme.





September 30, 2008


Nationstar Manager Accused of Fraud
Nationstar Mortgage LLC has been sued over allegations that one of its star branch managers prodded borrowers into bad investments, committed mortgage fraud and failed to maintain proper compliance. The company is also accused of operating without a license.





Erie Mortgage Fraud Trial Stalled
Francis R. Contiís trial has been postponed, giving his attorney until late November to prepare to defend his not guilty plea to charges of conspiracy and fraud.





Equity Skimming Operation Busted
A real estate agent and a loan officer have been indicted on charges related to an alleged equity skimming operation. Officials said this is the largest indictment issued under the stateís residential mortgage fraud statute that was enacted last year.





September 29, 2008


Mortgage Fraud Task Force Busts Kick-Back Scheme
The Pennsylvania Mortgage Fraud Task Force has charged a 37-year-old man with leading a straw-buying kick-back scheme. Kevin Kamenski pleaded guilty to the scheme and faces up to 20 years in prison and a fine of up to $250,000.





Mother and Daughters Spared Prison Time
Three Kansas women were sentenced to probation, a $25,000 fine and an eight month suspended prison term for helping illegal immigrants obtain almost $8 million in mortgages using stolen Social Security numbers.





Canadian Fugitive Caught in Mexico
A fugitive on Weld County, Coloradoís Most Wanted list has been apprehended. He has been charged in multiple mortgage fraud schemes with a pattern of racketeering, 11 counts of theft of $15,000 or more, and 11 counts of forgery.












read archived blog entries

 
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