Mortgage Fraud Blog is the premier website for news and information on mortgage fraud and real estate fraud throughout the United States.
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 Smith Dollar, PC, is licensed to practice law in California and maintains offices in Santa Rosa, California. Email Ms. Dollar
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2 Mortgage Fraud Defendants Violate Terms of Release
Wildor Washington, Jr. and Victoria Bennett were taken into custody after Magistrate Judge David J. Waxse ruled in favor of a motion to revoke their bonds.
Washington and Bennett were charged in November 2007 in an indictment alleging that Washington, Bennett and four co-defendants took part in a mortgage fraud scheme through businesses Washington owned including Heritage Financial Investments, Legacy Enterprises, B&L Custom Development and Liberty Escrow. According to the indictment, Hamilton and the conspirators prepared fraudulent loan applications and submitted them to lenders in Kansas, Texas, Ohio, Missouri and Michigan.
On Nov. 8, 2007, Washington and Bennett were released on bond subject to conditions including a prohibition against taking part in any illegal activities while on release.
Subsequently, investigators obtained evidence that while on release Washington and Bennett were involved in further incidents of bank fraud and conspiracy to commit mail and wire fraud.
I am so amazed. but really why am i surprised, they people thought they could get away with it once what would make them think any different. throw the book at them I say and lets just hope others see and learn.
Posted by on 04/23 at 07:05 PM
It was stated this week at the London 2008 commercial mortgage expo that some UK inner city flat developements could aspect a 50% decrease in value in the near future.
Posted by on 05/03 at 11:15 AM
Estate agents have stated that approximately a third of property purchases are failing due to the increased difficulty in obtaining home finance and that buyers can be choosey and put in very low offers because it is a buyers’ market. There is a fear prices may drop some way. The problem is that it is the fear that kills demand, people feel nervous so do not buy, nobody wants to catch falling knifes.
Posted by on 05/03 at 11:17 AM
Recently banks have suddenly pulled many prime deals and increased their rates and fees without warning to take shelter in the current market of no liquidity where lenders do not feel confident lending to each other. The
America finance Federal Reserve Chairman Ben Bernanke has warned of a possible recession on the horizon. This would directly effect the UK.
Posted by on 05/03 at 11:19 AM
What is most definately sad is that These individuals did not just partake in fraud against lenders but they also victimized many innocent people in order to get the funds that they obtained and the victims are swept under a rug by the government and agents. I was one of these un lucky people to fall trap to Mr. Washington and Victoria Bennett. They lied, cheated, manipulated with everyone involved. I am the victim that gave the FBI the information during their investigation that revoked their bonds. I have been sadened by the lack of concern that the government, the FBI and lawyers show when it comes to the people that have been victimized. Those victoms are thrown aside and ignored through out the whole case. No one is helping the victims get through the tramatic and financially devistating situation that people like Mr. Washington has destroyed. He put me in a downfall of a million dollars. I know of 27 other woman that he did this too and absolutely none of them will be heard at his trial. None of them has even been informed of or kept in the loop of what is taking place. It is extremely hard to pick up your life and move on when you have been victimized in the mortgage industry. It discusts me that the only ones that will get justice and be heard are the financial institutions, the lenders. I want to start some kind of public awareness, let my story be heard. I went through almost 3 years of this crap and the end is no where in sight. I am a single mother with four children so picking up the pieces after something like this will be long and hard. Stories need to be told. People need to know how easy it is to be taken advantage of in an industry where we thought we were safe.
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.
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...
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...
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...
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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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.
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 
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