| |
|
|
|
|
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.
Free e-mail newsletter with the latest headlines from MortgageDaily.com.
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. |
|
|
| |
Colorado Crackdown Results
|
| |
October 21, 2008
The state of Colorado has conducted numerous mortgage fraud investigations that have garnered the state many settlements and victories in the war against mortgage fraud, including new statewide standards for truthful advertising in mortgage loans.
Denver’s Arbor Financial, Inc., 5280 financial Group and Centennial-based Mortgage Toolbox have all agreed to stop using deceptive teaser rates in advertisements. Civil claims have been filed against Englewood-based Home Mortgage Solutions, Inc., and three individuals, Toan Le (aka James Le) and An Nguyen, and general manager Leonard Smith.
Other companies the state has taken action against include Encore Lending, LLC, Paul Baker, California-based Tri-Point Realty, and 15 foreclosure rescue companies, including: Crisis Management in Glendale, Arizona; Davis Foreclosure Assistance in Englewood, New Jersey; The Debt Advocacy Center in Cleveland, Ohio; Franklin Equity in Santa Ana, California; HomeAssure in New York, National Foreclosure Counseling Services in Jacksonville, Fla. and New Hope Modifications in Bellmawr, New Jersey.
Read story at Consumer Affairs
|
|
|
