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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 November 05, 2010
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Mortgage Fraud News
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Case Activity
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Oct. 24, 2010
Fraud Investigation Firm Raking It In
Investors Mortgage Asset Recovery Co., which audits mortgages to help mortgage insurers find fraud where claims are filed, expects more than $12 million in revenue this year.
read story at Los Angeles Times
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Oct. 8, 2010
Banks Get Break on Fraud Prevention Technology
A group of banks are being offered special rates for access to technology that helps prevent mortgage fraud.
read full announcement
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Oct. 6, 2010
$1.7 Million for Colorado Fraud
The Colorado Bureau of Investigation has received a $1.7 million grant.
read story from The Denver Post
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Oct. 4, 2010
Cost Cuts at SC RE Commission Render it Ineffective
Legislators, consumer advocates and industry experts say that expense cuts at the South Carolina Real Estate Commission have made it an ineffective mortgage fraud watechdog.
read story at TheState.com
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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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| Date |
Defendants |
State |
Amount of Loans |
Overview |
Source |
| Nov. 5 |
EDGAR CORONA |
MA |
multi-million dollar mortgage fraud scheme |
Guilty plea. |
Justice.gov |
| Nov. 4 |
ROBERT STINSON JR. |
PA |
1 property |
Indictment. |
Justice.gov |
| Nov. 4 |
Pak Yan Lui, Robin Boyd, Mark Kellogg |
OH |
$5,000,000 |
Guilty plea. |
WKSU.org |
| Nov. 3 |
Gregory W. Willson, Brian Willson |
FL |
$1,800,000 |
Indictment. |
jacksonville.com |
| Nov. 3 |
Jeremy Beadle |
MO |
10 properties involved for a loss of $439,352 |
Guilty plea. |
stltoday.com |
| Nov. 2 |
Michael J. Hymas, Stanley Ferguson, Shauntee K. Ferguson, Christopher R. Georgeson |
ID |
$7,590,000 |
Sentences. |
FBI.gov |
| Nov. 2 |
Michael J. Hymas, Shauntee K. Ferguson, Christopher R. Georgeson, Stanley J. Ferguson, Brent Bethers, Travis Hymas, Shane Hymas, Laurie Krechelle Hymas, Paul Redondo, Melody C. Redondo |
UT |
$7,590,000 |
Sentences handed down. |
FBI.gov |
| Nov. 1 |
Stanley Gabart, Alix Accime, Ultha Danielle Accime, Marie Decosta Quintana |
FL |
$3 million in losses |
Guilty pleas. Victims include Bank of America, JP Morgan Chase Bank, N.A., and National City Bank. |
Justice.gov |
| Oct. 30 |
Jonas Allen |
OH |
1 property |
2-month sentence. |
Cleveland.com |
archived case entries back to 2005
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