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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.
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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 Oct. 16, 2009
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Mortgage Fraud News
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Case Activity
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Oct. 13, 2009
Fraud Databases Explode
Just one day after Interthinx announced a nationwide mortgage fraud database, First American CoreLogic announced that its mortgage fraud repository is the biggest in the country.
read full announcement
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Oct. 12, 2009
Lenders to Share Mortgage Fraud Data
A new collaboration between Interthinx Inc. and MERS has resulted in a massive database of mortgage fraud activity that will enable mortgage lenders to identify and share data about fraudulent transactions.
read full announcement
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Oct. 1, 2009
Discounted Fraud Prevention
A fraud prevention firm promises that if its services don't identify twice as much mortgage fraud as its competitors, then lender customers will receive the service free for a limited period.
read full announcement
Income Analytics Added to Fraud Detection Tool
Risk analytics based on income verification have been integrated into a fraud prevention tool.
read full announcement
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Sept. 20, 2009
Congress Mulling $200 Mil for Mortgage Fraud
Democrat U.S. Sen. Charles Schumer and Republican Sen. Jon Kyl have proposed legislation that would arm state and local prosecutors with up to $200 to fight mortgage fraud.
read story at the Miami Herald
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Sept. 23, 2009
California County Nabs $1.7 Milion
The Ventura County District Attorney's Office received nearly $1.7 million in federal grants to fight mortgage fraud.
read story at Venture County Star
Mich. County Boost Fight Against Mortgage Fraud
Michigan's Ingham County Register of Deeds is leading a new campaign to fight mortgage fraud.
read story at WILX.com
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Sept. 21, 2009
Law Firm Nails Huge Fraud Contract
The law firm of Smith Dollar has obtained a contract to solve mortgage fraud cases for the FDIC.
read full story at North Bay Business Journal
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Sept. 16, 2009
FBI Zeros in on Insiders
The director of the Federal Bureau of Investigation told Congress today that his agency is focusing on insiders in its mortgage fraud investigations.
read full story at MortgageDaily.com
NY Leads Nation in Mortgage Fraud
U.S. mortgage fraud cases mostly held steady during the latest quarter, according to the FraudBlogger.com Index -- a measure of active cases. But activity was up nearly 600% in New York to the highest of any state.
read full FraudBlogger.com press release
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Sept. 9, 2009
Oregon Scores Fraud Prosecution Grant
Oregon's Attorney General John Kroger won a federal grant to help prosecute mortgage fraud. The funds will be used for a new prosecutor and investigator.
read full story from the Associated Press
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Sept. 4, 2009
Charges Dropped Against Ohio Defendant
A judge has dismissed mortgage fraud charges against Haney Bichat.
read full story at The Columbus Dispatch
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Sept. 2, 2009
Realtor Vindicated
The Colorado Real Estate Commission retracted all claims and allegations of mortgage fraud against real estate broker Curtis Sears.
read story at the Greeley Tribune
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| Date |
Defendants |
State |
Amount |
Overview |
News
Publication |
| Oct. 16 |
Jim McConville |
CA |
at least:
$1,900,000 |
Investigation ongoing. |
KGO ABC Local |
| Oct. 16 |
Julian James Ruiz III |
OR |
"millions of dollars" |
Arraignment. |
Statesman Journal |
| Oct. 16 |
Lavette Bills |
NY |
$5,6000,000 |
Indictment (part of $64 mil in cases from Operation Bad Deeds). |
The Journal News |
| Oct. 16 |
Guy American Funding Corp |
NY |
fine up to
$1,000,000 |
Indictment (part of $64 mil in cases from Operation Bad Deeds). |
WNYC |
| Oct. 16 |
Emmanuel Roy |
NY |
$6,800,000 |
Indictment (part of $64 mil in cases from Operation Bad Deeds). |
New York Law Journal |
| Oct. 16 |
Dustin J. Dente, Brandon Lisi |
NY |
$3,500,000 |
Indictment (part of $64 mil in cases from Operation Bad Deeds). |
New York Law Journal |
| Oct. 16 |
Dean A. Reskakis |
NY |
$6,000,000 |
Indictment (part of $64 mil in cases from Operation Bad Deeds). |
New York Law Journal |
| Oct. 16 |
Cheddi B. Goberdhan, Ravi Persuad |
NY |
$23,000,000 |
Indictment (part of $64 mil in cases from Operation Bad Deeds). |
New York Law Journal |
| Oct. 15 |
Foriduzzaman Sarder, Sakar Hossain, Mikael Huq, Reginald Johnson |
NY |
$9,000,000 |
Arrests. |
YourNabe.com |
| Oct. 15 |
Diane H. Frederick Atari |
VA |
$50,000,000 |
Arrest. |
Loudoun Times-Mirror
Leeburg Today
|
| Oct. 15 |
Michael O'Keefe Jr., Calvin Davis |
LA |
$600,000 |
18-month sentence for owner of Citywide Mortgage Co. |
Times-Picayune |
| Oct. 15 |
Stanley Garfield Williams Jr., |
NC |
over
$6,000,000 |
6-year sentence. |
StarNewsOnline.com |
| Oct. 15 |
41 defendants from 8 cases total |
NY |
$64,000,000 |
Dozens arrested in 8 cases. "Operation Bad Deeds." |
New York Law Journal
USA Today
Wall Street Journal
|
| Oct. 14 |
Jason Bloom, |
PA |
$1,730,874 |
90-month sentence. |
FBI.gov |
| Oct. 14 |
Hassan Nagi, Ali Haidous, Safi Bzeih, Maria Linares, Hussein Aoun |
MI |
$1,900,000 |
20-month sentence. |
Press and Guide |
| Oct. 14 |
Kara Robinson-Franks, Wildor Washington, Maurice Ragland, Victoria Bennett, Terrence Cole, Scott Alexander, Heritage Financial Investments, Legacy Enterprises, Atlantic Mortgage, Inc., T.E.R.M. Appraisers, the Real Estate Group, J.T.F. Enterprises, Liberty Escrow, AMSTAR Mortgage |
KS |
home value:
$1,000,000 |
Guilty plea. |
Infozine
Kansas City Business Journal
Associated Press
|
| Oct. 13 |
Richard Garries |
VA |
restitution of
$900,000 |
20-year sentence. |
Associated Press |
| Oct. 13 |
David Sobol, Alla Sobol, Viktor Kobzar, Donata Baydovskiy, Camie Byron, Sandra Thorpe |
WA |
$47,000,000 |
Guilty pleas. |
Issaquah Press |
| Oct. 13 |
Rony Alberto Aguilar-Hecker, Reinaldo Perez-Sanchez, Pablo Atouro Aponte-Torres, Fabio Salazar, Roger Omar Nunez-Murillo, Idalmis C. Arias, Ericson Perez, Juan Carlos Lopez |
FL |
WaMu losses
$8,500,000 |
Indictments issued. |
Sun-Sentinel |
| Oct. 12 |
Robert Penn, Kevin M. Lafavers |
IN |
purchase prices:
$16,600,000 |
Guilty plea. Countrywide Bank loses on many of the deals. |
WTHR 13 Eyewitness News
Associated Press
Indianapolis Star
|
| Oct. 9 |
Sergio Natera, Anna McElaney |
CT |
home sales of
$745,000 |
Indictment. |
Connecticut Post
Associated Press
|
| Oct. 9 |
Justin M. Sabo, Thomas F. Gentile, Julio C. Martinez |
NV |
$65,000 |
Arrest. |
Huntington Beach Independent
The Orange County Register
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