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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

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Thursday, August 16, 2007

Loan Officer Indicted for $25M Missouri Fraud Scheme

Judy Brumble, loan officer and ostensible real estate agent, was charged in a superceding indictment for her role in a 25 million dollar mortgage fraud scheme. Brumble is now the 9th defendant in the pending action.

Those already indicted on May 17, 2006, include:

F. Jeffrey Miller, Real Estate Developer in Lee’s Summit, Missouri;

Steve Middleton, real estate agent;

Todd Earnshaw, loan officer/real estate agent;

Brian Rouse, loan officer:

Angela Parenza, co-conspirator;

Elizabeth Hessel, co-conspirator;

James Moser, real estate investor and straw borrower; and

Lanny Ross, Appraiser.

According to the Superceding Indictment, Miller targeted homebuyers with credit problems and little to no downpayments. The homebuyers would apply for loans via Miller‘s financing company Associated Capital and Associated Finance. The loan applications were submitted to federally insured financial institutions across the nation using inflated appraisals. The object of the conspiracy and scheme to defraud was to enrich the conspirators by manipulating homebuyers, manipulating appraisals and submitting materially false and fraudulent loan applications to obtain loan proceeds from federally insured institutions.

 mortgage fraud

   

Posted by Staff Reporter on 08/16/07 at 03:58 AM
Mortgage Fraud LocationsMissouri • Total comments: (5) (0) Trackbacks
  1. i think i got caught up in mortgage fraud bcause everyone i talk to told me how did you get your house with no documents of your income if anyone can help me please call me at 6462351498 thanks or email me

    Posted by  on  08/18  at  06:07 PM
  2. I have a ton of direct evidence that Holly Campbell has manufactured appraisals, altered appraisals and at on point scammed 10k off a borrower to pay off another borrowers debt to close a loan then fled the state.  She is hididng in Texas. I have at leaset 20 properties with appraisals that have houses on them that are not the same as the real house appraised. Photoshop, cut and paste. If anyone can help me direct my complaints please email me.  I can’t seem to get anyone to listen.  Carl

    Posted by  on  07/09  at  10:46 AM
  3. Sir/Madam,

    My Name is Mr Michael Johnson, I am a private lender,I have been arranging
    loans for many individuals in many years.  Since I do all the work myself and
    have no overhead, I am able to arrange better loans for my clients.
    Working with me or getting a loan from me will be close and personal.
    I am available seven days a week to facilitate your loan request.
    I can arrange your loan at a better interest rate of 0.3% Monthly and
    at a lower cost than anyone else in town. If you are interested please
    mail me back at micfreefunding02@gmail.com for more information and
    inquiries.

    Loan to Start up Business?
    Loan to Pay off Bills?
    Personal Loan,Business
    Debt Consolidation?Education

    I can lend you money Regardless your credit in 5 working Days.
    KINDLY EMAIL ME TODAY TO APPLY FOR YOUR ANGEL LOAN OFFER AT 0. 3% IF
    FULLY INTERESTED.
    Email Today for Loan Application#:micfreefunding02@gmail.com
    Yours Truly,
    Mr Michael Johnson
    micfreefunding02@gmail.com
    {God Bless you and your House-Hold.}

    Posted by  on  05/09  at  05:40 PM
  4. Good Day

    I am delighted to contact you to have more information about your offer loans at an interest rate 0, 5%.
    My Family project needs 5.000.000 Million Euro.
    The some will be transferred to Morocco.
    Please let me know, then I will send you more details
    Looking forwards to hear from you soon.
    Best Regards
    Manager
    A. Ziat

    Posted by  on  07/27  at  07:22 AM
  5. Good Day

    I am delighted to contact you to have more information about your offer loans at an interest rate 0, 3%.
    My Family project needs 5.000.000 Million Euro.
    The some will be transferred to Morocco.
    Please let me know, then I will send you more details
    Looking forwards to hear from you soon.
    Best Regards
    Manager
    A. Ziat

    Posted by  on  07/27  at  07:38 AM

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Today's News

Some Sources require Registration.

 

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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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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