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


 
 
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.

Mortgage Fraud Newswire

By COCO SALAZAR


send your comments or links


Last Updated Friday, December 28, 2007, 5:00 PM Texas Time
photo of Coco Salazar
 

December 28, 2007


Man Sentenced For Fraud Ring Connection
Mario Augustin Lewis pleaded guilty in a Minneapolis court for his involvement in a mortgage fraud scheme involving Ronald Joseph, Jill Lehn, and Isadore Stewart, all who have been charged with creating bad loans totaling approximately $18 million.
read story from The Prior Lake American




December 27, 2007


Appraiser Charged With Involvement In Fraud Ring
Jon Schwinkendorf, an appraiser, and his sister Susan Bigley, who worked with him, have been charged with six counts of grand theft for their rolls in an Ohio fraud ring involving 16 other people who are also facing charges, for a scheme that preyed on more than 500 people.
read story from Port Clinton News Herald




December 26, 2007


FBI Report Points To Eroding Fraud Prevention Ability
According to FBI statistics, banks have filed 47,717 reports of suspected mortgage fraud this year, up from 21,994 in 2005, and a drastic rise from 2002 when only 5,623 cases were reported. One official states that there are too many instances of fraud to investigate, and not enough agents to look into them.
read story from The New York Times




December 24, 2007


Former Mortgage Broker Admits To Theft
Kimberly M. Davis, a former mortgage broker for a Missouri firm admitted in court to stealing the identities of several people in order to purchase 3 properties totaling more than $1 million in fraudulent loans.




300 Properties Involved In Scam
Hundreds of home buyers in Ohio fell victim to fraudulent mortgages in a scheme involving 17 suspects led by David Willan, president of Evergreen Homes, which allegedly bilked it's customers out of more than $6 million.
read story from WKYC




Loan Officer Sentenced To 18 Months For ID Theft
Former loan officer Juanita Booker was sentenced in a Seattle District Court on chrages of conspiracy to commit identity theft for supplying personal and financial information of at least 16 people to fraud ring leader Charles W. Griffin.
read story from SeattlePI.com




New Jersey Man Admits To Mortgage Forgery
Frank Corallo, a former broker, pleaded guilty to forging signatures on mortgage documents totaling more than $1 million in bad loans and losses to lenders.
read story from NewsDay




Fraud Increases Exponentially
Lax lending policies and the ease of acquiring funding for home loans are the primary reason white-collar criminals have been able to ravage the mortgage industry, reflected by the 1,210 active fraud cases being processed by the FBI this year, dramatically up from 436 active investigations in 2003.
read story from The Wall Street Journal





Coco Salazar is an associate editor and staff writer for MortgageDaily.com.

e-mail: MortgageWriter@aol.com



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

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