Robert Wilfred Stanley, 35, Katy, Texas, has been convicted of conspiring to commit mail fraud and wire fraud as part of a scheme to defraud residential mortgage lenders and money laundering conspiracy.
As previously reported by Mortgage Fraud
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Aaron Dare, Albany, NY, pled guilty to (2) counts of Grand Larceny in the Second Degree, a Class “C” Felony in front of the Honorable Thomas Breslin. This plea comes as a result of crimes that were committed after Dare pled guilty to another set of federal charges and was sentenced, as previously Continue Reading...
Terence Mayfield, 47, Phoenixille, PA, pleaded guilty before U.S. District Judge Joseph H. Rodriguez to one count each of mail and wire fraud for his role in operating two ponzi schemes upon members of a Toms River church which resulted in total losses of more than $1 million. Judge Rodriguez released the defendant on a $100,000 bond pending sentencing, which is scheduled for July 14.
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Your Credit Angel, LLC, Las Vegas, Nevada, which purports to assist distressed homeowners in avoiding foreclosure by offering mortgage loan modification services, was issued an order to cease and desist by the Idaho Department of Finance.
“A person engaged as a third party in mortgage loan modification activities in Idaho must be licensed as a credit counselor,” said Gavin Gee, director of the Idaho Department of Finance.
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The Office of the Comptroller of the Currency and the Office of Thrift Supervision today released their quarterly report on first lien mortgage performance for the fourth quarter of 2008. The report covers mortgages serviced by nine large banks and four thrifts, constituting approximately two-thirds of all outstanding mortgages in the United States.
The report showed that credit quality continued to decline in the fourth quarter of 2008. At the end of the year, just under 90 percent
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Larry J. Lupton, 33, Brookfield, Wisconsin, a real estate broker, has been found guilty of soliciting a kickback in connection with the State of Wisconsin’s attempted sale of a thirty million dollar state office building in downtown Madison. After hearing testimony and receiving evidence during a court trial earlier this month, United States District Judge Lynn Adelman issued a written decision in which he found Continue Reading...
Now that a lawyer has been arrested in connection with a bizarre real estate fraud that allegedly recruited straw buyers at a dominatrix club, he has standing to challenge the warrant that authorized a raid on his law office last month, his attorney said Thursday.
24 defendants, most of whom are professionals in the mortgage loan industry, were named in 10 indictments charging them with federal offenses relating to mortgage fraud in the Chicago, Illinois area. The cases include:
United States v. Mohammed Ali Moallem and Bahidad Javid (09 CR 228)
…accused of orchestrating a massive mortgage fraud scheme pleaded guilty yesterday in federal court in Greenbelt, admitting that she played a central role in swindling desperate homeowners out of millions of dollars.
Kandace Yancy Marriott, 52, Gun Barrel City, Texas, having been found guilty by a Navarro County jury of engaging in organized criminal activity, was sentenced to 99 years in prison for her role in a mortgage fraud scheme. According to prosecutors, evidence presented at the punishment stage showed Marriott received monthly mortgage payments from her clients, failed to remit
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