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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.
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 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
Mortgage Fraud Blog is co-sponsored by Interthinx the leading provider of fraud services and solutions for the mortgage industry.
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Friday, September 26, 2008
Brothers Plead Guilty to Million Dollar Mortgage Fraud Conspiracy
Mohammed Rababeh, 29, Vienna, Virginia, and Ahmed Rababeh, 31, Haymarket, Virginia, pled guilty today to conspiring to commit bank fraud in connection with several real estate mortgage loans they and their co-conspirators obtained between April 2004 and September 2006. Sentencing for both Mohammed and Ahmed Rababeh has been set for November 28, 2008 before United States District Judge Claude M. Hilton. According to court records, the two men conspired with Randolph Baltimore, 50, Leesburg, Virginia, to submit fraudulent loan applications overstating Baltimore‘s income and omitting his liabilities, so that Baltimore could purchase properties Mohammed and Ahmed Rababeh wanted to sell. The two men agreed to pay Baltimore $27,500 to serve as the buyer on four such properties. Mohammed and Ahmed Rababeh engaged in similar fraudulent schemes to obtain loans to buy properties in their own names. Mohammad Rababeh obtained more than $2 million in such loans, and the losses to the lenders could be as much as $1 million. Baltimore pled guilty to the conspiracy on June 24, 2008, and will be sentenced by Judge Hilton on September 26, 2008. The cases were investigated the FBI and the Internal Revenue Service, Criminal Investigation. Assistant United States Attorneys James P. Gillis and Aaron M. Zebley are prosecuting these cases on behalf of the United States.
 mortgage fraud
When reviewing large samples of fraudulent EPD loans, one common denominators frequently revealed is a disproportionate number of borrowers of middle eastern decent. This being the case, lenders need to take it upon themselves to scrutinize any requested mortgage that has people of middle eastern decent involved in the transaction in anyway.
Posted by on 09/26 at 08:47 AM Do you know if this new rescue bill includes any provisions to fight mortgage fraud? If so what are they?
Chad C.
Posted by on 09/28 at 07:18 PM Mortgage fraud has been rampant in the u.s. for the last few years because of all the easy lending guidelines.
Posted by on 09/28 at 07:21 PM The bail out has no provisions what so ever that are aimed at preventing a repeat of the bad loan fiasco. Specically to your question, there are no provisions to address loan level mortgage fraud. Stated income loans still okay, no requirements for borrower’s income statements to be validated with the IRS, no requirements that mortgage applications be underwritten prior to funding, no requirements to improve appraisal/colateral valuation process, no requirements to prohibit convicted criminals from participating in mortgage origination, no requirements to beef up anti ID theft efforts, no requirements to improve notary integrity, etc, etc, etc. There are a bunch of provisions to reduce foreclosures and requirements to offer alternatives to foreclosure WITHOUT precluding those who obtained their mortgages fraudulently! The bail-out plan is such a waste as it will not resolve the underlying issue at hand. I only wish i could say it was joke.
Posted by on 09/28 at 10:11 PM
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Some Sources require Registration.
Mortgage Scam Ends with Prison
The Morning Call
A judge didn't hold back when Shirley Matthews appeared before him Tuesday to be sentenced for stealing from a Monroe County man instead of helping him save his home from foreclosure, as she was hired to do.
Woman Gets Prison Time After Mortgage Scam Conviction
Pocono Record
A New Jersey woman will be spending two to five years in state prison after she was sentenced on Tuesday for promising to help homeowners avoid foreclosure and then keeping the money she was given for their mortgages.
2 Indicted in Mortgage Scam Face New Charges
Newsday.Com
Prosecutors add extra charges to two who are charged in LI mortgage fraud with county legislator, dominatrix and her husband
Untangling Mortgage Fraud in Chicago Condo Buildings
Chicago Public Radio
Why did so many units go into foreclosure all at once? In some cases, the reason can be traced to mortgage fraud.
No Contest Plea Entered in Real Estate Fraud Case
Northbay Business Journal
Juan Carlos Alcala of Windsor pleaded no contest to nineteen felony counts and admitted three special allegations for defrauding real estate investors, money laundering and elder fraud.
Bedford Woman Sentenced to a Year in Prison for Mortgage Fraud
Plain Dealer
Sharon Cox, 49, of Bedford, was sentenced today to a year in prison for mortgage fraud involving money laundering, theft and receiving stolen property from August 2008 through March.
CITIZEN JOURNALISM: Mortgage Fraud High in Area
Washington Times
According to the FBI, Virginia, Maryland and the District are among the top 10 jurisdictions experiencing mortgage fraud.
Former Vegas Resident Charged with Mortgage Fraud in Nevada
National Mortgage Professional Magazine
A former Las Vegas resident has been charged with federal conspiracy and fraud charges for his involvement in a Nevada mortgage fraud scheme involving straw buyers and falsified mortgage loan documents...
Missouri Man Sentenced for Mortgage Fraud
Belleville News Democrat
A suburban St. Louis mortgage company operator has been sentenced to more than 11 years in prison for a mortgage fraud scheme.
12-Year Prison Term in Mortgage Swindle
Washington Post
A Maryland woman who stole millions from Washington area homeowners trying to avoid foreclosure is a "vulture" whose case should serve as a warning to other con artists...
Previous Articles
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Trial coverage provided by Anne Mitchell, Crazy Fish Realty.
F. Jeffrey Miller Update - October 20, 2009
A hearing was held in Topeka, Kansas in front of Judge Julie Robinson. Miller is currently being held pending his sentencing which is set for December 22nd, 2009 at 9:00 a.m.. Steve Vanatta and Hallie Irvin, Miller's codefendants, will be sentenced at that time also.
Several motions were heard this week. One was a motion for Miller to be released pending his sentencing. Miller's attorney, Jeff Morris, argued that the court had dismmissed with predjudice the matter involving Miller's purchase of a commercial lawnmower, violating the court ordered monitoring agreement. He also argued that Miller was not a flight risk and should be released. This motion was denied.
Another motion heard by Judge Robinson was that of an escrow account containing proceeds from the sale of Miller's forfeited assets. This account has a balance of $143,000. Attorney Morris argued that his firm was due $100,000 for work done in the Miller matter, to date. The government argued that his 'un-itemized fees' were 'exhorbitant'. The balance of the funds, Morris argued, should be released to the Miller family to help pay for mounting household expenses.
The government argued that the 'Asset Forfeiture Provision' applies down to 'the last penny' and that 'the rights of the victims to made whole are of paramount immportance' and that no routine household expenses like Visa bills, are allowed.
Attorney Morris argues that there is more than enough assets to satisfy the jury's judgement of $2.65 million dollars. The government argues that the estimated value of his assets are only $1.4 million.
The government also stated that Miller has been paid dividends from a company Miller has an ownership interest in; Boreflex. From July, 2008 to present, Miller has been paid $330,509.30 from Boreflex, unbeknownst to the court appointed monitor.
Present in the courtroom was Todd Earnshaw. Earnshaw was indicted along with Miller and others in what is commonly referred to as 'Miller I'. That trial is scheduled to begin on January 11, 2010 in Topeka, Kansas.
More Trial Coverage
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