(Source: Bloomberg Businessweek) – Nevada’s attorney general wants a federal judge in a big mortgage fraud case to set aside an earlier consent judgment so the state can sue Countrywide Financial Corp. and Bank of America for consumer fraud.
(Source: BBB) – Boise, Idaho . . . Gavin Gee, director of the Idaho Department of Finance, today warned that a company calling itself Freedom Companies Marketing, Inc., Freedom Companies, Inc., Freedom Companies Lending, and Freedom Financial Mortgage (Freedom) has [...]
FENNVILLE, Mich. (Source: NEWSCHANNEL 3) – A judge in Allegan County has convicted a Fennville woman on nine counts for her role in a mortgage fraud rescue scheme.
WHITE PLAINS, NY (Source: WCBS 880) – Former North Castle Republican chairwoman Loronda Murphy has been indicted for mortgage fraud.
NEW YORK (Source: MarketWatch) — Through all the ups and downs of the U.S. economy, at least one industry continues to thrive.
(Source: Bloomberg Businessweek By EMERY P. DALESIO) – A crooked loan officer, a disbarred attorney and a third man could get long prison sentences for their role in a mortgage fraud that victimized two North Carolina banks, federal prosecutors said [...]
(Source: Fox News By Mike Levine) – As the nation’s financial system collapsed and millions of Americans struggled to pay off their home mortgages in 2009, a Maryland man now under investigation allegedly wiped away his $353,000 mortgage debt by [...]
(Source: Daily Finance By Catherine New) – Some homeowners in their 50s are taking advantage of historic low rates to refinance their homes and score themselves a mortgage-free retirement.
(Source: Bloomberg By Leonard Goodman) – In July, following a monthlong trial, a federal jury in Chicago convicted my client, Calvin Townsend, of four counts of bank and mortgage fraud. Later this year, he will probably be sentenced to federal [...]
(Source: By Donna Gehrke-White Sun Sentinel) – Last week’s guilty plea from three who admitted to participating in a $2.5 million reverse mortgage fraud scheme should remind seniors to be careful over entering into such a financial agreement that can [...]
(Source: Wall Street Journal By Chad Bray) – Federal prosecutors in New York on Thursday charged fourteen people in an alleged $58 million mortgage fraud, including five lawyers, one of whom previously had been disbarred. The scheme, which ran from [...]
(Source: By Toni-Ann Miller Palm Beach Post Staff Writer) – Three of the four loan officers charged in a $2.5 million reverse mortgage and loan modification scheme have plead guilty, a news release from the U.S. Department of Justice said [...]
(sOURCE: fOX nEWS By Jana Winter) – The FBI has arrested 10 people charged with participating in a $60 million mortgage fraud ring early Thursday morning in the New York area, FoxNews.com has learned.
(Source: The Miami Herald By TOLUSE OLORUNNIPA) – Four separate indictments were unsealed Tuesday by the U.S. Attorney’s Office in Miami accusing 27 people in various mortgage fraud schemes against banks and South Florida homeowners.
(Source: Forbes By Bill Singer) – Federal prosecutors alleged that from 2005 through 2007, Micah Meyers, a former manager at Islip, New York based mortgage brokerage firm Bridgewater Funding, LLC (“Bridgewater”), submitted fraudulent loan applications as part of a scheme [...]
(Source: BY Teresa Auch Schultz) – Federal prosecutors have laid out part of their case against Gary businessman Jerry Haymon, describing testimony they say will show how he created a mortgage fraud scheme that took in $300,000.
JACKSON, Miss. (Source: The Republic) — A Jackson minister has reported to prison to serve a 16-year term for his part in a mortgage fraud scheme that involved more than $10 million in fraudulent loans.
(Source: WCTV) – A Democratic state legislator joined the call Wednesday for information from Attorney General Pam Bondi on why she fired two assistant attorneys general who were heavily involved in investigating alleged mortgage fraud.
(Source: By Tim McGlone The Virginian-Pilot) – A Virginia Beach man who ran a mortgage rescue company has been indicted on charges of bilking customers out of millions of dollars.
(Source: FBI) MINNEAPOLIS—Late the past Friday afternoon a 29-year-old St. Paul woman was charged with participating in a scheme to defraud mortgage lenders out of more than $5 million. Lindsey Rae Loyear was charged via an information with one count [...]
(Source: FBI) – David B. Fein, United States Attorney for the District of Connecticut, announced that ANNA McELANEY, 40, of Norwalk, was sentenced today by United States District Judge Janet C. Hall in Bridgeport to eight months of imprisonment, followed [...]
(Source: The Sun News By Josh McCann) – New Jersey authorities have released 33 pages of information about the mortgage-fraud scheme involving Blair Witkowski of Bluffton after a New Jersey man admitted last week to participating in it.
CHARLESTON — West Virginia Attorney General Darrell McGraw’s office has taken action against a California-based company for alleged fraudulent loan modification claims.
(Source: Sacramento Bee By Rick Daysog) – A federal grand jury has indicted a Sacramento real estate executive and six of his employees for allegedly running a $4 million mortgage-fraud scheme.
(Source: By Liz Kellar Liz Keller) – Former Nevada County mortgage broker Scott Stober — currently living in Arizona after being stripped of his real estate license in February — is a central figure in two fraud prosecutions involving hard [...]
(Source: Philly) – A former West Chester mortgage broker, John C. Lucidi Jr., 30, was charged yesterday with conspiracy to commit wire fraud, wire fraud, and money laundering in relation to a multi-million dollar mortgage fraud scheme, said United States [...]
(Source: Staff infoZine) – According to the indictment, the couple submitted false and fraudulent loan applications and supporting documents to lenders and to the title company.
(Source: Bloomberg Business Week) – A Richmond, Va. real estate agent and investor has been sentenced to four years and three months in prison for a $2.4 million mortgage fraud scheme.
(Source: Kansas City Business Journal) – Former employees of Overland Park-based Diamond Mortgage have pleaded guilty to their roles in a $4.9 million mortgage fraud scheme.
New York (Source: monstersandcritics) – Deutsche Bank AG asked a US federal court to dismiss a government complaint that alleged it had lied about the calibre of mortgages to qualify for a government insurance programme and dramatically increase the mortgages’ [...]
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