(Source: Las Vegas Sun By Steve Kanigher) – A District Court judge sentenced one man to prison and another man to probation in connection with a mortgage scam involving Nevada homeowners, the Nevada attorney general’s office said today.
(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: Fox Business By Polyana da Costa) – The sagging economy and sluggish housing market create the perfect environment for mortgage scams, with desperate homeowners as easy prey for scammers.
Aug. 06 (Source: By Christine Harvey, The Seattle Times) – Washington state has taken on a subsidiary of Bank of America, charging it with illegally foreclosing on thousands of homeowners in the last three years.
(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: New York Times By RON LIEBER) – In recent months, AARP Foundation Litigation has prodded the United States Department of Housing and Urban Development to reverse a rule change that had made it harder for some surviving spouses of [...]
(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 [...]
HOUSTON (Source: KTRK) – Homeowners struggling to pay their mortgage may be seeing new offers that promise to bring them thousands of dollars.
(Source: Fox 8 Live) – Foreclosures are on the rise in Louisiana and so are the number of scams targeting troubled homeowners. In the past month, at least a dozen consumers have contacted the FOX 8 Defenders reporting mortgage help [...]
(Source: Boston Herald By Jerry Kronenberg) – Massachusetts Attorney General Martha Coakley slammed a private network used by lenders for loan trading as she launched a far-reaching probe into whether banks violated state property-recording laws during the housing boom — [...]
(Source: Daily Herald) – Mortgage industry employees are still signing documents they haven’t read and using fake signatures more than eight months after big banks and mortgage companies promised to stop the illegal practices that led to a nationwide halt [...]
(Source: By Josh Brown The Virginian-Pilot) – A Virginia Beach-based company has agreed to pay $54,200 to settle allegations that it charged homeowners facing foreclosure thousands in illegal upfront fees to help save their homes, Virginia Attorney General Ken Cuccinelli [...]
July 11 (Source: By Janice Podsada, The Hartford Courant, Conn.) – Sen. Richard Blumenthal said Monday the Senate Judiary Committee will investigate alleged abuses by mortgage servicers, including improper loan modification agreements and shoddy foreclosure procedures, which may have resulted [...]
(Source: FBI) – David B. Fein, United States Attorney for the District of Connecticut, announced that CHRISTIAN TUDOROF, 43, of Stamford, waived his right to indictment and pleaded guilty today before United States Magistrate Judge Joan G. Margolis in New [...]
WASHINGTON (Source: By Mary Orndorff — The Birmingham News) – Alabama’s top prosecutor told Congress on Thursday that mortgage servicers who broke the law in dealing with homeowners should be punished, but he also cautioned against additional regulations that could [...]
MIAMI – (Source: Miami Herald by The Associated Press) – Federal prosecutors have charged four people in South Florida with running a reverse mortgage scam that targeted older homeowners.
GREENBELT, Md. (Source: The Washington Post) — Two people convicted in a Ponzi scheme that defrauded some 1,000 investors of $78 million have been sentenced to prison.
(Source: Forbes) – “Operation Stolen Dreams” is the federal and state law enforcement sweep that targeted mortgage fraud in 2010, at which time it was reported over 1,200 individuals were named as defendants resulting in over 600 indictments for crimes [...]
(Source: NBC Chicago By Rosie Powers) – Two women were sentenced Monday to 10 years in the Illinois Department of Corrections for involvement in a suburban mortgage fraud scheme.
(Source: The Reporter) – A Fairfield real estate broker has been charged by a federal grand jury in a nine-count indictment alleging investment and mortgage fraud.
(Source: Chron Houston and Texas News) – Federal judge sentenced two Houston men to prison after they were convicted in a multi-million dollar mortgage fraud scheme, the U.S. Attorney’s Office announced Wednesday.
TAMPA (Source: St Petersburg Times By Michael Van Sickler) — If any one person did his part to topple the local real estate market, it was Sang-Min Kim, a muscular tattoo artist with a taste for expensive cars.
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