Friday, June 09, 2006
Third Conspirator Indicted in $1.5M Mortgage Fraud
Christopher Gallagher, 34, Philadelphia, Pennsylvania, was indicted in connection with a mortgage fraud scheme involving properties valued at more than $1.5 million. “Many people lost their homes because of this scheme and many more are still struggling to keep up with expensive mortgages they just can’t afford,” said United States Attorney Pat...
Thursday, June 08, 2006
Georgia Broker License Revoked for Loan Misrepresentations
On May 15, 2006, the Georgia Department of Banking and Finance’s decision to revoke the mortgage broker’s license of Intown Financing, Inc., license number 17325, located at 200 Renaissance Parkway, Suite 303, Atlanta, Georgia 30308 became final, as did the cease and desist order previously issued to its owner, Sonia Booker-Daniels. These actions...
Long Island Woman Jailed For Mortgage Scam In Westchester
Catherine Martino, a Long Island woman who ran a mortgage scam in the late 1990s that almost cost 13 senior citizens their homes was sent to prison Monday for collecting more than $50,000 in down payments on a Mount Vernon property she didn’t own.
Family of Identity Thieves Pleads Guilty in Washington
Mildreada Ruiz Rapa, 47, formerly of Vancouver, Washington, and her daughter, Malanie Andrews, 24, also formerly from Vancouver, entered guilty pleas in Tacoma, Washington to a wide range of identity theft related charges including Fraudulent Use of Social Security Numbers, real estate fraud, false statements to HUD, and income tax fraud. In...
Georgia Revokes Mortgage Broker’s License
On May 9, 2006, the Georgia Department of Banking and Finance’s decision to revoke the mortgage broker’s license of Atlantic Financial Mortgage, Inc., license number 18854, located at 3598 Clairmont Road, Atlanta, Georgia 30319 became final. This notice of intent to revoke license was issued by the Department after it obtained evidence that ...
Colorado Real Estate Agent Setenced to Four Years
Colorado real estate agent William E. Mendez, 41, Denver, was sentenced to serve 49 months in federal prison and was ordered to pay restitution totaling $1,227,081.59 to the HUD. Mendez was ordered to to report to a facility designated by the Bureau of Prisons by July 10, 2006. Mendez and his seven co-defendants were indicted on allegegations...
Alabama Mortgage Broker Charged with Identity Theft
Michael Lane Prevette, 31 Mobile, Alabama, was arrested on a federal identity theft charge. Prevette has been operating as a mortgage broker in the Mobile, Alabama area. In the course of operating his business, he obtained various forms of false identity and operated under the false identity of ”Lane Bush.” Prior to coming to Mobile...
Wednesday, June 07, 2006
Four Arrested in $1M Alabama Mortgage Fraud Scheme
Kathy Frye, 38, Eight Mile, Alabama, Joycelyn Easter, 48, Mobile, Alabama; Antonio Harrison, 27 Mobile, Alabama and Darlene Hill, 49, Mobile, Alabama were each arrested by federal authorities in connection with an alleged mortgage fraud scheme and charged with four counts of wire fraud and four counts of loan fraud, according to media reports. ...
Two Ohio Men Arrested in Identity Theft and Mortgage Fraud
Entour Ferguson, 58, Columbus, Ohio and Steve “Cowboy” McClure, 41, Columbus, Ohio, were arrested shortly after they closed on a bogus mortgage deal at a north Columbus, Ohio title agency. Investigators say the two men used the identity of an unsuspecting Columbus man to obtain a $205,000 loan on a Columbus, Ohio property. “This is one of the...
Tuesday, June 06, 2006
Maine Mortgage Broker Faces License Revocation for Falsifying Leases
A Maine regulatory agency revoked the license of a Saco, Maine mortgage broker, after finding that the broker exaggerated the income of his clients in order to improve their chances of obtaining loans. The Office of Consumer Credit Regulation took the action against Capital Mortgage Group, Inc. and its owner, Randall L. Petit, after determining...
Atlanta Mortgage Fraud Defendant Arrested in FBI Sting While Released on Bond
Lanamasha Weslanda Mixon-Hampton, 30, Atlanta, Georgia was arrested on May 30, 2006 in connection with an FBI sting involving a co-conspirator from her prior mortgage fraud case and the interstate transportation of stolen travelers checks, fraudulent credit cards and false identifications. Mixon-Hampton was previously arrested at the closing...
Four Arrested for Alleged Violation of Georgia Residential Mortgage Fraud Act
Derrick Troy Gardner, 33, Snellville, Georgia; Ronald George Barnes, 63, San Diego, California; Kevin Gordon, 32, Decatur, Georgia; and Gary Anthony McIndoe, 37, College Park, Georgia, were arrested and charged with violation of the Georgia residential mortgage fraud act, according to media reports. The four are accused of engaging in a...
Monday, June 05, 2006
California Woman Sentenced in Theft of Foreclosure Proceeds
Maria De Lourdes Navarro was sentenced in U.S. District Court in San Diego to serve 30 months in federal custody, based on Navarro’s conviction for bank fraud arising from her diversion of proceeds of foreclosures. According to court papers, from December 1998 to January 2003, Navarro was a Collections Operation Manager in the San Diego office of...
Man Arrested in Florida in Alleged Bank Fraud
Ernest Earl Erbe, Jr., a/k/a Richard Allen Dixon was arrested in the Southern District of Florida for bank fraud in connection with a mortgage loan. A criminal complaint signed on June 1, 2006, charges that Erbe, using the name Richard Allen Dixon, made false statements to obtain loans totaling $1.1 million to purchase a residence at 5810 Center...
Husband and Wife Convicted of Selling Fake Mortgages to Secondary Market
A jury in New Bern, North Carolina convicted Isaac Lee Woods, 47, and his wife, Regina Bailey Woods, 45, both of Durham, North Carolina, of conspiracy, wire fraud, false statements, and money laundering following a week-long trial in federal court before Chief United States District Judge Louise W. Flanagan. The defendants had operated a mortgage...
|
Rachel 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 
