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Last Updated Monday, February 08, 2010 04:31 PM CST
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Mortgage Fraud News
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Case Activity
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Feb. 5, 2010
GA Gov. Announces Fraud Legislation
Mortgage fraud legislation that would grant the Georgia Bureau of Investigation jurisdiction to initiate investigations on offenses related to mortgage fraud has been introducted into the state senate.
read press release
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Feb. 4, 2010
GA Introduces Fraud Legislation
A state senator in Georgia has introduced legislation that would enable state investigations into mortgage fraud.
read story from WALB
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Feb. 3, 2010
MN Fraud Referrals UP 800%
The Minnesota Department of Commerce referred 45 cases of mortgage fraud, securities fraud and insurance fraud to outside authorities in 2009, up from five or fewer in previous years.
read story at Pioneer Press
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Feb. 1, 2010
HUD Budget Includes $88 Mil for Fraud
The U.S. Department of Housing and Urban Development's fiscal-year 2011 budget continues FHA’s $20 million Combating Mortgage Fraud initiative.
read HUD budget proposal
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Jan. 22, 2010
Mortgage Fraud Growth Slows
New government data indicate that mortgage fraud activity is beginning to ease.
read story at MortgageDaily.com
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Jan. 14, 2010
US AG Testifies About Mortgage Fraud
United States Attorney General Eric Holder testified about mortgage fraud warnings in 2004.
read Associated Press story
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Jan. 11, 2010
Wisconsin Looking to Convicts from Mortgage Industry
Wisconsin's legislature is preparing a bill that would prohibit anyone with a felony convictions from obtaining a mortgage license.
read story from Wisconsin Public Radio
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| Date |
Defendants |
State |
Amount |
Overview |
News
Publication |
| Feb. 7 |
president and owner of Homes for Sale by Owner Inc. |
FL |
12 transactions |
6-year prison sentence. |
Examiner |
| Feb. 6 |
Todd Leary, Joseph Garretson |
IN |
losses of $2 mil |
Guilty plea. |
The Journal Gazette |
| Feb. 5 |
William Jones, Corey Brower, Sandi Brower |
FL |
930 loans causing $78 million in damages |
Early prison release. Victims included HUD. |
The Tampa Tribune |
| Feb. 4 |
Ming Shan Zhu, Alvin Mark Eiland, Gary Leonard Robinson II |
TX |
$7,000,000 |
Indictments. |
HOUSTON CHRONICLE
Examimer
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| Feb. 4 |
William Everett Nichols |
LA |
$3.9 million in restitution |
6-year sentence for First Fidelity Mortgage Inc. president. |
Associated Press |
| Feb. 3 |
Stanford Morgan, Nancy Mahan, William Ball |
FL |
$200k in restitution |
6-year sentence. |
Orlando Sentinel |
| Feb. 3 |
Quentin Henley |
MO |
$3,600,000 |
Guilty plea. |
KansasCity.com
Infozine
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| Feb. 3 |
Yamil L. Herrera, Alain C. Hernandez, Ricelda M. Hernandez, Maria G. Herrera, Samantha Portales, Edel Martinez, Osiris Garcia, Silvio De Paz, Ana G. Blanco, Luis R. Martinez |
FL |
$10,000,000 |
Indictments in case where Washington Mutual, Impac Lending Group and Loan City were victims. |
Miami Herald
BizJournal
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| Feb. 3 |
Kevin Lafavers, Donald T. Brown, Tamara E. Scott, Stephen Scott Brown, Robert Penn, Mark Roth, Timothy A. Brown, Jerry J. Jaquess |
IN |
$22.5 million in total restitution. |
3-year prison sentence. Victims included Argent Mortgage Co., The MoneyStation, People's Choice Mortgage, Countrywide Home Loans. |
Inman
TheIndyChannel.com
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| Feb. 3 |
Olu Campbell formerly known as Oluseun Oshosanya, Dema Daiga |
MD |
$405,000 |
Guilty plea. |
gazette.net
Baltimore Sun
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| Feb. 2 |
Judy Yeung aka Miu Wan Yeung |
CA |
$6,500,000 |
Guilty conviction in case where Washington Mutual was victim. |
FoxReno.com
The Recorder
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| Feb. 2 |
Mohamad Esmail, Jubran Dighlawi |
CA |
$78,000 in restitution |
1-year sentence in case involving FHA loans. |
KABC |
| Feb. 2 |
John Varner, Elroy Giddens, |
CA |
$29,749,239 in restitution. |
13-year sentence for president of Mortgage One. HUD, Firstar Bank, N.A., and Chase Manhattan Mortgage Corp. defrauded. |
Lawfuel.com
MyValleyNews
InlandNewsToday.com
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| Feb. 1 |
4 unnamed defendants |
OH |
$6,700,000 |
Charges filed. |
examiner.com |
archived case entries back to 2005
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