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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 12, 2010
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Mortgage Fraud News
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Case Activity
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Nov. 9, 2010
Mortgage Fraud Still a Problem
Among the findings from two mortgage fraud studies is that an increase in the risk of mortgage fraud was mostly due to a government refinance program and loans insured by the Federal Housing Administration. Another finding was that real-estate-owned sales represent more of a problem than short sales. Las Vegas and Nevada respectively represent the city and state with the highest risk of mortgage fraud.
read story at MortgageDaily.com
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Nov. 9, 2010
Former Fraud Fugitive Still Maintains CA DRE License
Despite that he tried to flee the country following mortgage fraud charges and was arrested at the Canadian borker, Christopher Jared Warren -- who mortgage fraud trial is in process -- still maintains his broker license in good standing with the California Department of Real Estate.
read story at Sacramento Bee
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Nov. 9, 2010
Nevada Receives $1.7 Million to Fight Mortgage Fraud
The U.S. Office of Justice Program has provided $1,700,500 to fund Nevada's mortgage fraud unit.
read announcement from Nevada Attorney General
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Nov. 6, 2010
Failed Bank Victim of Huge Mortgage Fraud Scheme
Friday's failure of Pierce Commercial Bank was, in part, the result of losses stemming from a $500 million mortgage fraud scheme, based on criminal and civil legal activity.
read story at MortgageDaily.com
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| Date |
Defendants |
State |
Amount of Loans |
Overview |
Source |
| Nov. 12 |
Yvonne L. Robertson, Maria Henderson, Joseph M. Garner Jr. |
VA |
multi |
Guilty conviction for Robertson. |
FBI.gov |
| Nov. 10 |
Bernard J. Kurlemann |
OH |
$3,500,000 |
Guilty conviction. |
FBI.gov |
| Nov. 10 |
Michael Cassadei, Elmer J. "Joe" McIndoo |
NY |
restitution of $135,148 |
Home detention sentence. |
FBI.gov |
| Nov. 10 |
Christopher B. Maselli |
RI |
$1,700,000 |
Guilty plea. |
Justice.gov |
| Nov. 10 |
Jeffrey S. Brown Jr., Rolante Z. Brown, Raymond Fountain II, Jickie Hayes, Melvin L. Jackson, Samuel Nwosu |
OH |
$7,500,000 |
Charges filed. Victimes include Meritage Mortgage Corp., Finance America LLC, Master Financial, Security Connections, Michigan Fidelity Acceptance, Long Beach Mortgage Co., Novastar Mortgage Inc., New Century Mortgage Corp., First Franklin Financial, Fifth Third Bank, Argent Mortgage Company LLC |
Justice.gov |
| Nov. 10 |
Chris Nero aka Christopher Sisneros, Roy Fife |
AZ |
$2.7 mil earned |
58-month sentence. |
Justice.gov |
| Nov. 10 |
Vasilia Berger, Kenneth C. Cowden |
PA |
$50,000,000 |
Guilty plea. |
Pittsburgh Post-Gazette
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| Nov. 9 |
Douglas Heald, Brandon Hanly, Jerad Maggi, |
CA |
$5,000,000 |
Indictment. |
Justice.gov |
| Nov. 9 |
Thanh Van Ngo, Dang Hai Nguyen, Vince Long Nguyen, Jesse Steven Moxness, Trung Quang Tran |
MN |
$5,000,000 |
Guilty pleas. |
FBI.gov |
| Nov. 9 |
Yvette Gonzalez Valdes, Jeannine Valdes-Perez, Joseph Gonzalez, Victor Perez, Catherine Maiz |
FL |
$500,000 |
Guilty plea. |
Justice.gov |
| Nov. 8 |
William Buchko |
PA |
1 transactions on $3.2 million property |
Guilty plea. |
Justice.gov |
| Nov. 8 |
John Pavao, Shastine Pavao |
FL |
$3,000,000 |
10-year sentence. |
The Herald Press |
| Nov. 8 |
Charlie Sung Muk Choi, Thuan Nhan Du, James Duncan, Cindi Gayle Kelly, Helen Moreno Padrino, Hendrix Montecastro, Maurice McLeod |
CA |
investor and mortgage fraud |
Case begins. |
The Press-Enterprise |
archived case entries back to 2005
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