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.

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


Mortgage Fraud Archives

Week Ending November 18, 2011


Mortgage Fraud News

Case Activity

Appraisal Fraud Down as Income Fraud Surges
Nov. 18 -- While the overall risk of fraud has changed little and appraisal fraud risk has fallen, a dangerous spike was noted in the risk of borrowers lying about their income or jobs. Among the 10 metropolitan areas at the greatest risk of mortgage fraud, most are ranked among the areas with the 10-highest foreclosure rates. Some metropolitan areas in the Northeast have seen a significant increase in the risk of identity and occupancy fraud.
subscribers read full story at MortgageDaily.com
Appraiser Used Photos from Another Property to Justify Value
Nov. 16 -- A federal judge sentenced two men, a former real estate appraiser and his contractor friend, to prison terms Monday for falsifying the appraisal of an unfinished home in Pupukea, Hawaii, to qualify it for two mortgages totaling $1.3 million.
read full story at MortgageDaily.com


26 Multifamily Properties Involved in Boston Case
Nov. 16 -- A New Hampshire man has been sentenced to four years for leading a mortgage scheme that defrauded more than a dozen lenders and several home buyers of more than $2 million in connection with the purchase of 26 multi-family properties in Greater Boston, according to Attorney General Martha Coakley.
read full story at MortgageDaily.com
Men Changed Names to Executive Fraud Scheme
Nov. 14 -- Three Elk Grove men have pleaded guilty in a mortgage fraud scheme that resulted in more than $1 million in losses.
read full story at MortgageDaily.com
Date Defendants State Amount of Loans Overview Source
Nov. 18 Jason Foisy, James June MA $75,000,000 Foisy sentenced to 54 months prison plus 5 years supervised release and $15 million in restitution. June scheduled for trial on March 5, 2012. Department of Justice
Nov. 18 John Voloshin CT Approximately $1,200,000 Arrested. Department of Justice
Nov. 18 Daniel J. Nichter OH Multiple properties Pleaded guilty. MortgageDaily.com
Nov. 17 Chad Evans FL Multiple properties Pleaded guilty. Department of Justice
Nov. 17 Kenneth Paul Holmes SC $5,200,000 Sentenced to 5 months prison plus $2,488,398.00 in restitution. Department of Justice
Nov. 17 Safiyyah Tahir Battles OK Approximately $515,000 Indicted. First Security Bank and Saxon Mortgage victim lenders. Department of Justice
Nov. 17 Ryan Daryl Krutzig, Jesse Scott Hoffman MN $1,800,000 Krutzig entered guilty plea. Hoffman previously pleaded guilty. Department of Justice
Nov. 16 Alan Goings IL At least $178,000 Entered guilty plea agreement. SunTimes.com
Nov. 16 Stephen J. Kottage, Genaro Hathaway, Mary Ellen Durso CT $600,000 Kottage sentenced to 41 months prison plus 5 years supervised release. Durso previously sentenced. Hathaway awaits sentencing. Department of Justice
Nov. 15 Jared Rothenberger WA Approximately $4,000,000 Indicted. PierceCountyHerald.com
Nov. 15 Angela Pasternak OH $3,500,000 Indicted. Cleveland.com
Nov. 15 Carlus Demond Bridgeforth, Lisa Lynn Walters, Kevin Grady Sr. MI Multiple properties Guilty plea from Bridgeforth. Walters previously pleaded guilty. MLive.com
Nov. 15 Juan Delgado AZ $1,000,000 Indicted. Department of Justice
Nov. 15 Karen Hewitt NY Multiple properties Sentenced to 4 months home detention plus 3 years probation. Department of Justice
Nov. 14 Joshua Brown, John Sweetland, Brian Arrington, Brian Frank, Linda Defeo, Bruce Namenson MA $2,000,000 Brown sentenced to 5 years in House of Correction plus 35 years probation and $5 million in restitution. Others previously pleaded guilty. Massachusetts Attorney General

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 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