home mortgage fraud newsletter full stories advertise mortgage industry newsletter RSS about us
HOT Topics Fraud Resources Fraud Prevention Mortgage Litigation News Appraisal News
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 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.

Mortgage Fraud Archives

Week Ending Dec. 18, 2009


Mortgage Fraud News

Case Activity

Dec. 16, 2009

Credit Union Sues For Fraud Coverage
Educational Systems Federal Credit Union filed a lawsuit in U.S. District Court for the District of Maryland to determine that fraud losses it suffered were covered by a CUNA Mutual bond.
read story at Credit Union Times
Dec. 15, 2009

Foreclosure Scams Use Mortgage Fraud
In a typical foreclosure rescue scheme, delinquent borrowers are advised to convey title to an investor located by the foreclosure rescue firm. But instead of rescuing the borrowers, the firms line up fake borrowers with fraudulent documentation and extract all available equity -- leaving the borrowers still facing foreclosure. A federal and state initiative has been launched to stop such schemes.
read story at MortgageDaily.com
Dec. 3, 2009

MD County Tackles Fraud
Representatives from the Prince George's County state's attorney's office pledged more effort to combat mortgage fraud.
read story from Gazette.net
Dec. 1, 2009

Fraud Prevention Service Links to SSA
A California fraud prevention firm is touting its status as one of the first enrolled companies in a Social Security Administration program.
read full announcement

DOJ Solifies NC Partnership
The U.S. Attorney's Office for the Western District of North Carolina said the Obama administration's Interagency Financial Fraud Enforcement Task Force formalizes the partnerships it already had with states.
read story at Charlotte Observer

Miami Fraud Task Force Busy
The Miami-Dade Mortgage Fraud Task Force has made more than 175 arrests and opened an additional 780 investigations.
read story at HeraldTribune.com

Nov. 27, 2009

CA's Central Valley Mortgage Fraud Hot Spot
Federal mortgage fraud indictments in California's central region were 50 last year and totaled 30 over the past 12 months -- with each case resulting in losses of $1 million to more than $5 million.
read full story from Business Journal
Nov. 24, 2009

Feds Attack AZ Fraud
U.S. Attorney Dennis Burke has obtained approval to hire three attorneys who will focus on Arizona mortgage fraud cases.
read story from The Arizona Republic

Federal, State Officials Meet on NV Fraud
U.S. Sen. Harry Reid, Federal Trade Commission Chairman Jon Leibowitz and Nevada Attorney General Catherine Cortez Masto were among officials at a mortgage fraud event in Las Vegas.
read story from Associated Press
Nov. 23, 2009

Appraiser Wears FBI Wire

A Kansas City appraiser talks about how he wore a hidden microphone to help bust a huge mortgage-fraud scheme.
read story at KansasCity.com
Nov. 17, 2009

South Chicago Condos Stung Hard by Mortgage Fraud
On the South Side of Chicago, mortgage fraud hit condominium communities especially hard.
listen to full story from WBEC

FBI Warns of Fraud During Foreclosure Process
The FBI's Detroit offices sent representatives to speak to agents at Michigan Re/Max about mortgage fraud during the foreclosure process.
read full story from Daily Press & Argus
Nov. 16, 2009

US AG Reports Huge Rise in Fraud Cases
U.S. Attorney General Eric Holder reported that the Federal Bureau of Investigation is currently investigating 2,400 mortgage fraud cases -- a 400 percent increase from five years ago.
read full DOJ announcement
Nov. 4, 2009

Over 100 Florida Arrests
The crackdown in Florida resulted in more than 100 arrests alreade.
read story from CFNews13.com
Nov. 3, 2009

NY Senate Hears Mortgage Fraud Testimony
A state senate committee in New York heard testimony from victims of mortgage fraud.
read story at the Legislative Gazette

Florida Fraud Flurry
The U.S. Attorney's Office, the Federal Bureau of Investigation and the Internal Revenue planned a media blitz on mortgage fraud in Florida.
read Associated Press story
Date Defendants State Amount Overview News
Dec. 17 Alex Z. Biscocho OR $475,000 Indictment. The Oregonian
Dec. 17 Fredereick Ugwu, Amer Mir NJ millions of dollars Conviction. The Star-Ledger

Associated Press

Dec. 17 Angelo Williams, Teresa Wilson MI multiple transactions Guilty verdict. Mlive.com
Dec. 17 Charles E. Walker, Linda F. Walker, Lee Edward Walker, Frankie R. Powell, Juan A. Johnson, Charles V. Pursley, James H. Powell, also known as “Jimmy,” William Wagoner, Steve Casarez Jr., Vincent Cantrell, Eddie Lee Rohrs, Christopher Forrester, Robert C. Barnica, Jess Kevin Cypret, Linda D. Hanks, Tammy R. Fedel, Laura Greer MO $10,944,023 Indictments. News-Leader



Dec. 17 Janet Salazar, aka Yanet Salazar, Elba Garcia, Olga Espinal NY 1 transaction. Conviction. zwire.com
Dec. 16 Lucette Montane CA $16,000,000 Fugitive surrenders. www.signonsandiego.com

San Diego Business Journal

Dec. 16 Carolyn Ashford, Bruce Ashford MS $500,000 Indictments. WAPT
Dec. 16 Martin Gendel, Seth Gendel NJ $4,500,000 Indictment. Daily Record
Dec. 16 Roy Fife AZ $2.8 million in restitution Guilty plea. Arizona Daily Star
Dec. 15 Felix Pichardo PA $777,000 8-year sentence. LawFuel.com
Dec. 15 David Ramnauth, Peggy Persaud, Orette Killikelly, George Esso, Elton Lord, Rafic Baksh, Mahamood Hussain, Cheddi Goberdhan, Ravi Persaud NY $23,000,000 Surrendur of GuyAmerican Funding owner. LawFuel.com
Dec. 15 Asha Ritchards PA 1 transaction. County investigator pleads guilty. Philadelphia Inquirer
Dec. 15 Michael Cassadei NY $200,000 Appraisal firm owner charged. Time Union

New York RealEstateRama

Dec. 15 Anthony "Tony" Ianne CO 72 counts. Court appearance. THE PUEBLO CHIEFTAIN
Dec. 15 William Roosevelt Cloud, Juderita Russell NC $19 million in losses 27-year sentence. Charlotte Observer
Dec. 14 Cuc Huong Doan, Trieu Thi Nguyen, Nafees Ahmad Quidwai, Sabiha Quidwai, Mailan Thu Tran CA $3,600,000 Charges filed. Freedom Blogging


Dec. 12 Richard J. Thomas, PA $961,000 3-year sentence. TRIBUNE-REVIEW
Dec. 12 Tari Brandon, and Calvin Gribble NV multiple transactions Indictments. Las Vegas Review-Journal
Dec. 11 James William Fox II, James Hooper Dan MD forefeiture of total loss of $2,350,000 Indictments. The Capital


Dec. 11 Mark M. Benun NY $5,900,000 Guilty plea. North County Gazette
Dec. 11 Clarista Bramble MA na Former Bank of America employee pleads guilty. The Patriot Ledger

Wicked Local

archived case entries back to 2005

read archived blog entries

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


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