twitter linkedin
facebook google+
Mortgage News

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

Mortgage Fraud Feedget RSS code
The latest case activity tracked by for your Web site or for your RSS reader.

Mortgage Fraud Archives
Archive of 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

Mortgage Fraud Archives

Week Ending December 7, 2012

Mortgage Fraud News

Case Activity

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

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

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

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)

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

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.
Dec. 7 Randez Long WI $1,000,000 Pleaded not guilty.
Dec. 6 Scott M. Wickersham SC $45,000,000 Will change plea to "guilty" on Dec. 13.
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.
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.
Dec. 3 Simon Saeid Koli, Kian Ashkanizadeh CA Multiple properties Koli sentenced to 30 months. Department of Justice

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

Copyright © 2014 Subscribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

pricing engine directory

wholesale lender directory

More Mortgage News Resources ( 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


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