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FBI Mortgage Fraud Investigation

Is the FBI getting ready to arrest the remaining loan mod cons?

Living here in Southern California, I get to see all the same perps who sold subprime slime now selling loan modification snake oil. Some are doing it above board, but most of these companies are not and many of them are well known to be operating massive illegal operations across the whole United States. As [...]

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US Attorney – Countrywide Home Loan Employee Arrested For Selling IDs of Loan Customers

by Moe Bedard

LAWFUEL – Legal Newswire – Two men were arrested today on charges related to the illegal access of computers containing personal identification information of Countrywide Home Loan customers and the illegal sale of the data, announced Salvador Hernandez, Assistant Director in Charge of the FBI in Los Angeles, and United States Attorney Thomas P. O’Brien.

Rene [...]

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The FBI Investigates Indymac for Mortgage Fraud – Next Please!

by Moe Bedard

When it rains it pours and when a bank fails, the FBI is going to find out why.

The facts are that the fraud and financial crimes ran rampant from all sides of the mortgage and real estate equation.
From the loan officers, appraisers, Realtors, notary publics, underwriters, account executives, managers, investors, brokerages, borrowers and the list can go [...]

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