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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Anthony Dehaney, 56, Lauderhill and Coral Springs, Florida was sentenced to 8 years in prison, ordered to pay restitution of $1,000,000 to the victim lenders and subject to a Special Assessment of $300.00. The sentence arose from his conviction on one count of Conspiracy to Commit Mail Fraud and Wire Fraud, in violation of Title 18, United States Code, Section 371, one count of mail fraud in violation of Title 18, United States Code, Section 1341, and one count of Bankruptcy Fraud in violation of Title 18, United States Code, Section 152(3).
Dehaney had previously admitted to and testified at the trial of co-defendant title agent Howard Gaines in late November 2008 for engaging in a scheme to submit fraudulent mortgage applications, false verifications of employment, false verification of deposits, false earning statements and IRS-W-2 Forms to lenders in the name of straw buyers and duped purchasers. Dehaney also admitted to filing false Bankruptcy Petitions under Chapter 13 of the Bankruptcy Code in the name of the borrowers at the Fort Lauderdale, Florida Bankruptcy Court in order to delay the foreclosure actions by the lenders. Dehaney was involved in over 25 mortgage transactions on loans totaling over $10,000,000, in Broward County, Florida.
United States Attorney R. Alexander Acosta commended the investigative efforts of the Federal Bureau of Investigation, the State of Florida Office of Financial Regulation, and the United States Postal Inspection Service. This Case is being prosecuted by Assistant United States Attorneys Jeffrey Kay and Jennifer Keene of the Fort Lauderdale Office.
The problem is that not enough of the fraudulent Mtg “professionals” were caught and punished. Honest Mtg professionals spent time and money to file complaints, but for the most part, they were ignored. People become indifferent about fraud and it became an accepted practice-look where we are now! The regulators were more part of the problem than of the solution.
It is for these reasons that I am working in Risk Management/Due Diligence. I want to help reduce fraud in mortgage lending, and restore confidence and attract capital to our ailing industry.
Adam Levine
www.adamjlevine.com
Posted by on 01/03 at 11:33 PM
Hey Adam,
Stop trying push your agenda and this BS about Risk mgmt.. If you want why dont you stop this Bailout fraud that banks are taking tax payer money to buy other banks. Its purpose was to help deliquent and foreclosure...and improve lending...these banks are taking the money to improve there balance sheet and buying other banks....that is bigtime fraud and money laundering at massive scale...the big guys get bailout and little guys get jails....
Posted by on 01/05 at 06:47 AM
Hey Anonymous, Adam is correct. The State of Florida gave anybody who paid the fee a mortgage brokers license. It didn’t matter whether they had a criminal past or not. Now they’re trying to put the genie back in the bottle. Good luck. Blame the politicians, including Jeb Bush, for looking the other way. In 2005 nobody wanted the party to end. Hey, where’s my bailout?
Posted by on 01/08 at 01:51 PM
Hi Anonymous,
You seem a bit stressed. Relax. RE process will go back up after unemployment peaks (my estimate is between 10-12% sometime between the 4th and 2nd quarters. RE prices will bottom ahead of the spike in unemployment).
I assume you have been a banker/mortgage banker for the last twenty-years and hold a CA DRE license. I have seen more Mtg Fraud in 2004-2006 than in 1988-2003, including broker fraud, borrower fraud, appraisal fraud, title company fraud, and escrow fraud. I have seen rating agencies call 80-20s AAA, MI companies look the other way, appraisers who lie, accountants who certify fraudulent financials, and other devious plots.
The fraud, Mr. Anonymous, included fake comps, fake VOEs, fake VODs, Fake VORs, Fake VOLs, Fake recon’s of liens, double escrows, Fake 1040’s and W-2s, Fake CPA letters, Fake correspondents’ financials, and so much more.
Earlier in the decade, Alan Greenspan stated that adjustable rate loans (including 2 year fixed and Option ARMs) are a “great alternative to 30 year fixed rate loans” invoking the seeming endorsement of ARMs.
What I didn’t remember was when the Fed Chairman (Alan Greenspan) said he only used fixed rate mortgages because he found adjustable rate mortgages too risky. Funny, the brokers didn’t mention that; nor did Anonymous.
If you want to help out borrowers pay their mortgages and other bills, raise the minimum on taxable income and help out the lower and what was the middle class. I agree that the bailout is poorly run (thanks George Bush) and that banks are using the monies to buy other banks. So why not use the money for afore mentioned tax cuts, OK?
You make some good points about the bailout, but you need to study mortgage fraud before you make such ignorant comments. There is some great books on www.Amazon.com on the subject of mortgage fraud and MBS’s.
Regards,
Adam Levine, CEO
Sicuro, Inc.
www.adamjlevine.com
PS Why not post your real name? What do you have to lose?
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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