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 October 7, 2011

Mortgage Fraud News

Case Activity

Appraiser Indicted in $40 Million Case
Oct. 6 -- A Key Largo man is among 20 people indicted Thursday by a federal grand jury for what prosecutors say was a $40 million mortgage fraud scheme.
read full story at
Appraiser, Attorney Plead Guilty
Oct. 5 -- Two of the three defendants charged with mortgage-related fraud in a 2010 indictment focused on the firm Easy Realty Solutions announced their intention to plead guilty today, in advance of a trial set to start next week.
read full story at
Cocaine Addiction Blamed for Inflated Appraisals
Oct. 5 -- A Brookline, Pa., man sentenced to three years in prison for conspiring to distribute cocaine today received what amounts to an additional year for his role in two mortgage fraud networks.
read full story at
Borrowers Falsely Represented as Self Employed
Oct. 3 -- ALEXANDRIA, Va. -- Osvaldo A. Mercado, 52, was indicted for defrauding Virginia banks of nearly $3.4 million in fraudulent loans, according to a press release from the U.S. attorney's office.
read full story at
20 Indicted in $40 Million Scheme
Oct. 3 -- Twenty South Floridians have been charged with participating in a $40 million mortgage fraud scheme, according to an indictment released Thursday by U.S. District Attorney Wifredo Ferrer.
read full story at
Sentences, Convictions in 2 Fla Cases Involving $17 Million in Fraud
Oct. 3 -- A Broward County, Fla., man was sentenced to nine years in prison for engaging in two separate fraud schemes between 2005 and 2007, the U.S. Attorney's Office announced Friday.
read full story at
Date Defendants State Amount of Loans Overview Source
Oct 7 Robinson Dinh Nguyen, Kevin Sluga, Jerald Teixeira, Christopher Stovall, Megan Balod, Leslie Sluga CA Multiple properties Nguyen pleaded guilty. Others previously entered guilty pleas.
Oct 7 Abdelghany Antar CT $2,700,000 Sentenced to 37 months prison plus 2 years supervised release. Department of Justice
Oct 7 Mary Anne Dean, Charles Donaldson MD $4,700,000 Guilty pleas. Department of Justice
Oct 6 Carol Asbury, Patrick Brinson, Carl Alexander FL $6,400,000 Guilty pleas.
Oct 6 Prince Charles Eweka MA Multiple properties (exceeding $120,000) Guilty plea. Department of Justice
Oct 6 Hendrix Montecastro CA $142,000,000 Hearings delayed due to mental competency testing.
Oct 6 Jeffrey Julkes Jr. IN $600,000 Changed plea to "guilty". Sentencing scheduled for Jan. 5.
Oct 6 Raymond P. Morris UT $1,900,000 Not guilty plea.
Oct 6 Andrew Hill OH $1,200,000 Awaits sentencing.
Oct 6 Hannah Noel Perlich MN $2,800,000 Guilty plea. Department of Justice
Oct 5 Ronald E. Hutchison, Jr., Jacques Kelly CT $5,000,000 Indicted. Department of Justice
Oct 5 Kevin Cohen NY $300,000 Already jailed for previous conviction. Convicted on new counts.
Oct 5 Frank Corallo, Eddie Dukham, Ara Mesropian NJ $7,000,000 Guilty pleas. Department of Justice
Oct 5 Deborah Kitay PA Multiple properties Sentenced to 18 months prison plus 3 years supervised release. Department of Justice
Oct 5 Mark David Webb, William Devaughn Orander III NC $1,780,000 combined restitution. Sentences: Webb 45 months prison plus 5 years supervised release and restitution; Orlander 42 months prison plus 5 years supervised release and restitution. Department of Justice
Oct 5 Thomas Kontogiannis NY $98,000,000 Sentenced to 108 months prison. Department of Justice
Oct 5 Matthew Burstein, Elias Compres, John Constantanides, Arturo Giraldo, Aaron Rabinowitz, Rolando E. Roldan NY $25,000,000 Indicted. Department of Justice
Oct 5 Bernard J. Flugher, Deean Haggerty, James C. Platts PA Multiple properties Flugher and Haggerty pleaded guilty. Platts pleaded not guilty.
Oct 3 Mark Escarcega, Blanca Escarcega AZ Residential loan Each sentenced to 1 year probation.
Oct 3 Michael J. Pallozzi NY Approximately $381,400 Sentenced to 3 years probation plus $5,000 fine and 100 hours community service. Department of Justice
Oct 3 John E. Evans, III FL At least $616,250 Guilty plea. Department of Justice
Oct 3 Richard Lawrence Veazey PA $1,000,000 Sentenced to 46 months prison plus 3 years supervised release. Department of Justice
Oct 3 Angela Clark MO $12,600,000 Sentenced to 20 months prison plus $5.6 million in restitution.

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