| |
|
|
|
|
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. |
|
|
| |
|
| |
April 21, 2009
A former mortgage company president admitted involvement in a property flipping scheme that used straw buyers, fake information and HUD-insured loans.
Michael O'Keefe, Jr., former president of Citywide Mortgage, pleaded guilty to charges relating to mortgage fraud and faces up to two years in prison. He was also ordered to pay nearly $700,000 in restitution to the department of Housing and Urban Development.
Calvin Davis was named as a co-conspirator who recruited buyers and Michelle Cochrane was identified as a former underwriter that approved the fraudulent loans.
Read story at WWLTV.com
|
|
|
