| |
|
|
|
|
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. |
|
|
| |
Officials Question Fraud Detection Process
|
| |
December 23, 2008
High levels of foreclosure in parts of Michigan have prompted law officials to question the policies and procedures currently in place to detect mortgage fraud that may have led to the increase.
Dozens of rental properties owned by landlords have gone into foreclosure. Two landlords in particular have owned title to the No. 1 and No. 2 spot for the most foreclosures in Kalamazoo County.
Rodney Hixon, a Mattawan landlord, has been investigated by the FBI. Along with the team of Larry and Terry Rask, the landlord’s had lost a combined 59 homes to foreclosure in about a year’s time. These losses cost lenders more than $4.7 million in bad debt.
Read story at MLive.com
|
|
|
