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Mortgage Fraud Blog is the premier website for news and information on mortgage fraud and real estate fraud throughout the United States.
Rachel Dollar PictureRachel Dollar, the editor of Mortgage Fraud Blog, is an attorney and Certified Mortgage Banker who handles litigation for lending institutions and secondary market investors. She is an author and a nationally recognized speaker on the topic of mortgage fraud. Ms. Dollar is a shareholder with the law firm of Smith Dollar, PC, is licensed to practice law in California and maintains offices in Santa Rosa, California. Email Ms. Dollar

Mortgage Fraud Blog is co-sponsored by Interthinx the leading provider of fraud services and solutions for the mortgage industry.

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Recent Posts

- Man Pleads Guilty in Fraud Scheme
- Fraudster Sentenced to Nearly 17 Years
- Forty Indicted in Major East Texas Mortgage Fraud Scheme
- California Loan Brokers Ordered to Pay Penalties
- Judgment Rendered in Real Estate Scheme
- New York FBI Shines Light on Potential Rental and Real Estate Scams
- Fraudster Pleads Guilty to Land Fraud Scheme
- Mortgage Fraud Charges Filed Against Investment Co. & Employees
- Former Attorney Sentenced for Multi Million Dollar Mortgage Fraud
- Real Estate Investor Pleads Guilty to Loan Fraud Scam
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Wednesday, April 04, 2007

South Carolina Brothers Sentenced for Mortgage Fraud

James Byrd and Eric Byrd, brothers, were sentenced to serve five years in prison and pay $5.6 million in restitution for their involvement in a mortgage fraud and check kiting scheme that defrauded seven banks. The brothers will testify against an unidentified co-conspirator.

According to the plea agreement, beginning in early 1998, James Byrd ...

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Tuesday, April 03, 2007

Two Georgia Lenders Consent to Revocation of Licenses

Worldwide Financial Group, Inc. and Commons People Mortgage, Inc., entered in to separate consent orders with the Georgia Department of Banking to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act and agency rules.

Worldwide Financial Group, Inc., License Number 12323, 696 Mount Zion Road, Suite 7-B, Jonesboro,...

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Three Defendants Dismissed from Ohio Civil Complaint

Mortgage Lenders Network, Inc. has dismissed three defendants from the civil lawsuit that it filed in 2004. 

David G. Anderson, Bowling Green, Ohio and Emilio Soli, Stow, Ohio were dismissed because, as stated in a document entitled Notice of Plaintiff’s Intent to Dismiss Defendants David G. Anderson, Emilio Soli and Adkins Appraisal Services,...

mortgage fraud news mortgage fraud news mortgage fraud news mortgage fraud news

Maryland Mortgage Broker Indicted in Commercial Loan Fraud

Robin Neil Snyder, mortgage broker, 56, Reisterstown, Maryland, and Mortgage Bankers, Ltd. were indicted by a federal grand jury for wire fraud and money laundering arising from a scheme to defraud commercial loan applicants.

According to the 17-count indictment, Snyder owned and operated Mortgage Bankers, Ltd., originally located in Baltimore,...

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Monday, April 02, 2007

Ohio Man Pleads Guilty to Obtaining Mortgages for Deceased Borrowers

Mark S. Edwards pled guilty to 48 felony counts involving appraisal and mortgage fraud committed between April 2002 and February 2003.

Edwards and Mark D. Musselman were indicted in connection with allegations that they falsified two dozen mortgages, including nearly a dozen mortgages to borrowers who were previously deceased.  Musselman and ...

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Friday, March 30, 2007

Five Guilty Verdicts in South Florida Foreclosure Rescue Scheme

Ramzy Moumneh, a/k/a Ramsey Moumneh, Kamal Moumneh, a/k/a Kamal Renno, Chuong X. Dam, Demetrios J. Voiklis, a/k/a James Voiklis, and Kimberly Brothers were all found guilty of multiple counts stemming from an indictment alleging a foreclosure rescue scheme.

The jury found the five defendants guilty as follows:

Ramzy Moumneh, a/k/a Ramsey Moumneh...

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Thursday, March 29, 2007

Beazer Homes Investigated for Potential Fraud

A Charlotte, North Carolina FBI agent stated that the FBI and the US Attorney’s Office, along with the Internal Revenue Service and HUD launched an investigation of Beazer Homes after the Charlotte Observer reported that there was an abnormally high foreclosure rate in one of their new home developments in North Carolina. Seventy-seven homes...

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Wednesday, March 28, 2007

Freedom Financial Broker Nelson Miller Withdraws Guilty Plea

Nelson Miller, owner of Freedom Financial Services, withdrew his guilty plea to two misdemeanors and will face trial on sixteen felony counts. The original indictment, handed down by an Arkansas grand jury in December of 2004, alleged that Miller and his co-defendants defrauded lenders by submitting documents containing misrepresentations...

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California Broker, Two Others Arrested for Real Estate Fraud

Manequa Anthony, 30, owner and broker of Jordan Real Estate, Brentwood, California; Jayme Hutchins, 30, agent, Brentwood, California; and Monika Selleaze, 36, notary public, Antioch, California, were arrested in connection with an alleged real estate fraud.

According to media reports, the victim provided Hutchins with a credit report for use in...

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Tuesday, March 27, 2007

Pennsylvania Mortgage Broker Charged with Real Estate Closing Fraud

Jay Berger, 54, mortgage broker, settlement agent and title agent, was charged by Information in connection with his alleged involvement in a real estate closing scheme that defrauded title companies and lenders in excess of $4.6 million dollars. Also charged in a separate Information was Margaret Carole Fisher, 53.

According to the Information ...

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New York Woman Charged with Defrauding Investors in $600,000 Scheme

Sayeda Moin, 44, unlicensed real estate broker, Levittown, Long Island, New York, has been charged with defrauding three real estate investors out of more than $600,000 in cash and property which she allegedly used, in part, to pay personal expenses.

Moin, who is also known as Sayeda Sufia Akhter and who formerly maintained an office in...

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Monday, March 26, 2007

Utah Men Sentenced for Equity Skimming Scheme

Mark Neusch and Michael Davis were sentenced in connection with an equity skimming scheme. Neusch pled guilty to one count of equity skimming and one count of bankruptcy fraud. Davis pled guilty to one count of equity skimming.

Neusch and Davis engaged in a scheme whereby they acquired numerous residential properties by making misrepresentations...

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Friday, March 23, 2007

Pennsylvania Mortgage Broker Pleads Guilty to Creative Financing Scheme

Christopher Gallagher, mortgage broker, Philadelphia, Pennsylvania, pled guilty to three counts of wire fraud and two counts of failure to file income tax returns in connection with a mortgage fraud scheme involving properties valued at more than $1.5 million.

Gallagher worked in close contact with Patrick Balf, who worked as a real estate agent...

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Thursday, March 22, 2007

Texas Real Estate Investor Convicted in Mortgage Fraud Scheme

Vernon Cooks, Jr. aka Jibreel Rashad, 40, real estate investor, was convicted after trial by a jury on all counts of a federal indictment that charged him with operating a mortgage fraud scheme in the Dallas, Texas area from approximately May 2003, through December 2004.

Specifically, Cooks was convicted of one count of bank fraud, seven counts...

mortgage fraud news mortgage fraud news mortgage fraud news mortgage fraud news

Wednesday, March 21, 2007

Colorado Federal Housing Fraud Snares Eight

Seven men and one woman were arrested on suspicion of having provided forged documents to purchase FHA insured homes. The defendants are believed to have purchased homes using fraudulent citizenship and/or financial documentation.  Those arrested include:

Edgar De La Rosa

Manuel Barron

Adela Hernandez

Ruben Martinez

Ventura Moreno

Manuel...

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Marco Island Man Arrested in Ohio on Grand Theft Charge
Naples News
A man who claimed he was a broker is accused of bilking a long-time family friend out of more than $130,000.

Failed Mortgage Firm Trustee Allowed $50,000 in Fees
Union Leader
U.S. Bankruptcy Court Judge J. Michael Deasy will approve $50,000 in legal fees for the trustee of failed mortgage brokerage businesses Financial Resources Mortgage Inc. and CL&M Inc.

Bend Oregon Event to Help Homeowners Prevent Foreclosures
Oregon.Gov
As part of an ongoing effort to help homeowners avoid foreclosure, state agencies are organizing a foreclosure-prevention event in Bend on Saturday, March 27, 2010.

Shelbyville Man Gets 2-Year Sentence For Loan Fraud
Chattanoogan.Com
Prosecutor Gary Humble said the lost was approximately $2.3 million in the mortgage fraud involving hundreds of homes in the Shelbyville area.

Lend America, VP Ashley Banned from FHA
Housing Wire
Michael Ashley, the embattled former vice president of Federal Housing Administration (FHA)-backed mortgage originator Lend America, and the company he worked for, were permanently banned from doing business in the industry last week.

Countrywide Tries to Pin Blame on Insurer
Court House News
Countrywide Home Loans demands $111 million from Triad Guaranty Insurance, claiming Triad is trying to blame mortgage lenders for the insurer's role in the housing bubble and collapse.

Investors Say They Were Swindled in Property Scheme
Fox 13 Now
Utah Division of Consumer Protection is joining forces with a few investors who claim they have been cheated by an agency called "Utah Mini Ranches.

Greenfield Man Accused of Housing Scam
The Republic
A former real estate agent conned at least eight people by renting them properties actually owned by a federal agency and then running off with their deposits, prosecutors said.

Appraisal Institute Opposes Obama Administration's Plan for Homeowner 'Short Sales'
PR News Wire
Citing concerns about increased mortgage fraud, four organizations representing more than 35,000 real estate appraisers today voiced their opposition to changes to an Obama administration program that will encourage "short sales" of homes.

Ownership Rights to Get Another Look
TBO.Com
State lawmakers may beef up protections of property owners' rights by rewriting a law this spring that is at the center of a case of alleged fraud in Pasco County.

Previous Articles

TRIAL COVERAGE

Trial coverage provided by Anne Mitchell, Crazy Fish Realty.

Follow Anne on Twitter.

Thursday, February 18, 2010

F. Jeffrey Miller Trial - 1 Convicted, 3 Acquitted

The jury deliberated for approximately 3 days after receiving their jury instructions. They asked one question:

Does ‘common sense' allow us to deduce what the banks may or may not been influenced by in order to make a loan?

Judge Julie Robinson responded by admonishing the jurors to read all of the instructions.

The jury presented its' verdict...

Read More...

Thursday, February 18, 2010

F. Jeffrey Miller Trial Continued Testimony

As reported by Anne Mitchell, who viewed the trial:

Angela Parenza worked for Jeff Miller as the office manager for 7 or 8 years beginning in 1998. Parenza was indicted along with Miller and pled guilty to conspiracy to commit bank fraud and money laundering. Parenza testified that Miller or his contractors allegedly preferred to build all the...

Read More...

Wednesday, February 10, 2010

F. Jeffrey Miller Trial Coverage Continued - Witness Testimony

Steve Middleton Testimony - Coverage Provided by Anne Mitchell

The Government continued in its cross examination of Steve Middleton. He was shown several HUD-1 statements involving sales of homes located in Overland Park, KS, and Olathe, KS. The HUD statements each allegedly showed line items of payments to (James) Moser & Associates, LLC's...

Read More...

Monday, February 01, 2010

F. Jeffrey Miller Trial Coverage - Continued Witness Examination

According to Anne Mitchell, who is present in court for the trial:

Next Witness: Kelly Sanford

Kelly Sanford of the Federal Reserve was a short witness for the Government. Sanford manages electronic payments between banks and member financial institutions. He was shown copies of wire transfers and asked whether they coincided with the counts in...

Read More...

Wednesday, January 27, 2010

F. Jeffrey Miller Trial - Prosecution Witnesses Continued

According to Anne Mitchell, who is viewing the trial:

January 13, 2010

Witness: Rick Hayes

Rick Hayes testified that on the day that he closed on his Miller Enterprise home, he received a phone call from the Kansas Banking Commission informing him that his loan was fraudulent. After the Hayes responded to a classified ad, they met with John...

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© Copyright 2004-2010 Rachel M. Dollar

Legal Disclaimer.
The information and notices contained on Mortgage Fraud Blog are intended to summarize recent developments in mortgage fraud cases and mortgage banking matters nationwide. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about mortgage banking, mortgage fraud matters or who believe they require legal counsel should seek the advice of an attorney. The creators, editors and sponsors of Mortgage Fraud Blog do not intend to create a confidential relationship or an attorney-client relationship by communication via or arising from this site.

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