Thomas E. Green of Ocean City, Md. has pled guilty to fraudulently securing nearly $2.2 million in loans to purchase five properties in Cape Charles, Va. Neil H Read More: Maryland Man Nabbed in $2.2 Million Mortgage Fraud Scam … [Read more...]
Ex-Linebacker, Realtor, Many Others Nabbed for Fraud
February 22, 2012 by
A Realtor and mortgage broker, his wife, and several others found themselves in the crosshairs of prosecutors Tuesday, along with a former Dallas Cowboys linebacker and nine co-conspirators. MReport sourced the stories from two news outlets to create the mortgage fraud blotter for Tuesday. View … [Read more...]
Ex-Mayoral Candidate, Woman Sentenced for Mortgage Fraud
February 21, 2012 by
A onetime candidate for mayor of a city in Georgia and woman in New Jersey found themselves sentenced by separate courts to several years in prison. More: Ex-Mayoral Candidate, Woman Sentenced for Mortgage Fraud … [Read more...]
Former Louisiana Bank Head Busted for Real Estate Fraud and TARP Violations
February 16, 2012 by
The U.S. Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) and the U.S. Read more here: Former Louisiana Bank Head Busted for Real Estate Fraud and TARP Violations … [Read more...]
"Wow" Stats from Citi’s Lawsuit Settlement; Short Sale vs. Foreclosure Losses; ASF Notes; More Conferences
February 16, 2012 by
Posted To: Pipeline Press Citizens of the U.S. have well-documented accents, but do you ever wonder what linguistics majors do when they graduate Read More: "Wow" Stats from Citi's Lawsuit Settlement; Short Sale vs. Foreclosure Losses; ASF Notes; More Conferences … [Read more...]
Property Valuation Fraud Risk Sees Eight Percent Quarterly Jump
February 15, 2012 by
Interthinx has released its quarterly Mortgage Fraud Risk Report covering data collected in the fourth quarter of 2011. According to the most recent analysis, certain regions of the New York Tri-State area have moved into the “very high risk” category, due primarily to the increase in property … [Read more...]
Landmark $25 Billion Agreement Reached With Top Five Servicers
February 9, 2012 by
U.S. Attorney General Eric Holder, U.S. See the original post: Landmark $25 Billion Agreement Reached With Top Five Servicers … [Read more...]
Mastermind of $2.5 Million Reverse Mortgage Fraud Scam Sentenced to 70 Months
January 25, 2012 by
Louis Gendason of Delray Beach, Fla. has been sentenced to 70 months in prison, five years of supervised release and ordered to pay more than $2 million in restitution for a reverse mortgage scam. Read more here: Mastermind of $2.5 Million Reverse Mortgage Fraud Scam Sentenced to 70 Months … [Read more...]
Former Wachovia LO Sentenced for Mortgage App Fraud
January 24, 2012 by
U.S. Attorney Robert E Link: Former Wachovia LO Sentenced for Mortgage App Fraud … [Read more...]
Two Virginians Indicted in Foreclosure Rescue Scheme
January 24, 2012 by
Two Chesapeake, Va. residents, Philip Villasis and Ray D. Gata, have been indicted by a Norfolk federal grand jury on nine charges including conspiracy to commit wire fraud, and money laundering in a foreclosure rescue scheme. Neil H. Continue Reading: Two Virginians Indicted in Foreclosure … [Read more...]