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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 December 7, 2012
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Mortgage Fraud News
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Case Activity
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2 Mortgage Fraud Cases, 1 Indictment, 1 Guilty Plea
Dec. 07 -- Three of the key figures in a 2007 deal in which a learning disabled man was duped into buying an inner city home are facing unrelated federal mortgage fraud charges.
read full story at Mortgage Daily
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Defendant in $45 Million Mortgage Fraud Case Changes Plea
Dec. 07 -- A Summerville, S.C., man charged with masterminding a $45 million mortgage fraud plans to formally change his plea later this month.
read full story at Mortgage Daily
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3 Women in $10 Million Mortgage Fraud Case Headed to Prison
Dec. 06 -- Three women who helped a Puyallup, Wash., banker become Pierce County's king of bad mortgage loans learned Wednesday the price of their perfidy.
read full story at Mortgage Daily
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Fraud Risk Higher on HARP Transactions
Dec. 03 -- While mortgage fraud represents less of a threat than it did six years ago, it remains a looming risk for lenders, according to a new report. The report found that transactions completed through the expanded Home Affordable Refinance Program are riskier than non-HARP refinances. An expected increase in short-sale transactions is expected to have a negative impact on fraud risk.
read full story at Mortgage Daily
(subscription required)
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NY, CA Trade Top Spots in Mortgage Fraud Index
Dec. 03 -- The Mortgage Fraud Index was lower, reflecting falling caseloads. But the dollar amount has climbed more than a quarter over the past year. California and New York traded the top-two positions.
read full story at Mortgage Daily
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| Date |
Defendants |
State |
Amount of Loans |
Overview |
Source |
| Dec. 7 |
Barrington Coombs, Lisa Wright, Cathy Saffer |
FL |
Multiple properties |
Coombs sentenced to 1 year and 1 day. |
Department of Justice |
| Dec. 7 |
Raquel DeJesus Martinez |
FL |
$5,600,000 |
Pleaded guilty. |
Department of Justice |
| Dec. 7 |
Lilia Casal-Diaz, Andres Mendez (a/k/a Andy Mendez, Sr.), Andy Mendez (a/k/a Andy Mendez, Jr.), Josephine Santana, Jose Rafael Martinez, Basilio Gomez |
FL |
$5,600,000 |
Sentences: Casal-Diaz 1 year and 1 day, Mendez, Sr. 60 months, Santana 21 months, Martinez 18 months, Gomez 15 months. |
Department of Justice |
| Dec. 7 |
Billy Joe Cannon Sr., Margaret Keefe |
WI |
$400,000 |
Pleaded guilty. |
MortgageDaily.com |
| Dec. 7 |
Randez Long |
WI |
$1,000,000 |
Pleaded not guilty. |
MortgageDaily.com |
| Dec. 6 |
Scott M. Wickersham |
SC |
$45,000,000 |
Will change plea to "guilty" on Dec. 13. |
MortgageDaily.com |
| Dec. 6 |
Sergio Gutierrez |
CA |
Multiple properties. |
Sentenced to 12 years. |
Department of Justice |
| Dec. 5 |
John W. Femenia, Shawn C. Hegedus, Aaron M. Wens, Matthew Musante, Anthony Musante, Danielle Laurenti, Roger A. Williams, Frank M. Burgess, Jr., James A. Hayes IV, Kenneth M. Raby |
NC |
Multiple properties |
Indicted. |
SEC |
| Dec. 5 |
Shawn Portmann, Jill Reding, Tonya M. Ruf, Katherine J. Friske, Jason L. Rick |
WA |
$10,000,000 in losses. Pierce Commercial Bank victim lender. |
Sentences: Reding 6 months, Ruf 7 months, Friske 4 months, Portmann and Rick await sentencing. |
Department of Justice |
| Dec. 4 |
George Zevada, Tony Phan, Miguel Arenas Sr., Troy Chattariyangkul, Diana Bruce |
CA |
Multiple properties |
Indicted. |
MortgageDaily.com |
| Dec. 4 |
Scott S. Schuhriemen, R. Craig Adams, Richard Bobka (19 total) |
FL |
Multiple properties |
Schuhriemen pleaded guilty. |
Department of Justice |
| Dec. 3 |
Robert E. Rosenau |
CA |
Multiple properties |
Sentenced to 15 months. |
Department of Justice |
| Dec. 3 |
Rodney Getlan |
MD |
$121,876 in restitution |
Sentenced to 35 years. |
Department of Justice |
| Dec. 3 |
Fatima Muller, Ronald J. O'Malley |
NJ |
$248,892 in restitution |
Muller pled guilty. |
NorthJersey.com |
| Dec. 3 |
Simon Saeid Koli, Kian Ashkanizadeh |
CA |
Multiple properties |
Koli sentenced to 30 months. |
Department of Justice |
archived case entries back to 2005
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