Monday, August 14, 2006
Michigan Bans Individuals from Mortgage Loan Industry
The Michigan Office of Financial and Insurance Services (OFIS) announced its most recent list of persons prohibited from participating in Michigan’s residential mortgage loan and financial services industries.
The following Orders of Prohibition, issued in the last several months, prevent the following individuals from working in the mortgage industry and other regulated consumer finance industries:
Ronnie Duke, Fenton, Michigan: Consent Order of Prohibition.
Joseph Saad, Dearborn Heights, Michigan: Order of Prohibition entered upon a finding that Saad had engaged in fraud in connection with at least 28 residential mortgage loans.
Ronald Lester Ribant, Southfield, Michigan: Order of Prohibition pursuant to MCL 445.1668a(8) based upon several felony convictions involving fraud, dishonesty, and breach of trust.
Robert Clyde Troub, Portland, Michigan: Order of Prohibition pursuant to MCL 445.1668a(8) based upon felony conviction involving fraud, dishonesty, and breach of trust.
Chad Eugene Willis, Detroit, Michigan: Order of Prohibition pursuant to MCL 445.1668a(8) based upon several felony convictions involving fraud, dishonesty, and breach of trust. The Commissioner also issued a Cease and Desist Order against Chad Eugene Willis’ unlicensed mortgage company known as The Mortgage Highway, LLC.
Marvin R. Fried, West Bloomfield, Michigan: Consent Order of Prohibition.
The above Orders of Prohibition are in addition to the Commissioner’s previously issued Orders of Prohibition against the following:
James Thomas Keyton, Traverse City, Michigan: Order of Prohibition pursuant to MCL 445.1668a(8) based upon felony conviction involving fraud, dishonesty, and breach of trust.
Richard Major, Grand Rapids, Michigan: Consent Order of Prohibition
Brian Winborn, Ypsilanti, Michigan: Order of Prohibition entered upon a finding that Winborn engaged in fraud in connection with residential mortgage loans.
Kalil Khalil, Brownstone Township, Michigan: Order of Prohibition entered upon a finding that Khalil engaged in fraud in connection with a residential mortgage loan.
Tariq Hamad, Taylor, Michigan: Order of Prohibition entered upon a finding that Hamad engaged in fraud in connection with residential mortgage loans.
Examples of fraudulent and unscrupulous activity that resulted in an Order of Prohibition include: equity stripping “foreclosure rescue” schemes; flipping of property involving inflated property values and undisclosed non-arms length transactions; providing borrower down payment funds, without disclosing such assistance to the lender or investor; creation of fictitious loan application supporting documentation, such as W-2’s, Verifications of Deposits, and Verifications of Employment; occupancy fraud; converting loan proceeds or other funds to one’s own use; and being convicted of a felony involving fraud, dishonesty, or breach or trust.
In addition, the Commissioner recently revoked the mortgage licenses of William C. Phillips d/b/a Integrity Financial d/b/a Urban Mortgage Services, Redford, Michigan and Minute Man Financial Holding Co. d/b/a Metropolitan Financial & Funding Services, Detroit, Michigan.
“Protecting Michigan’s consumers from unscrupulous practices is a top priority of the Governor Granholm administration, and OFIS continues to use all regulatory tools at its disposal to target and take down bad actors in the mortgage industry,” OFIS Commissioner Linda A. Watters said. “Simply put: consumers need to know who to avoid doing business with.”
Michigan’s residential mortgage loan acts grant the Commissioner the authority to ban, after notice and an opportunity for a hearing, an individual from participating in Michigan’s consumer finance industry if the Commissioner is of the opinion that the individual has engaged in fraud.
A person who violates an Order of Prohibition, either by acting as an employee, agent, or control person of a licensee or registrant, or employing a banned person is subject to significant fines and penalties.
mortgage fraud
Chad Eugene Willis arrived in Cabo San Lucas Mexico. And is trying to use his corrupt and fraudulent company, Mortgage Highway, as a basis for operating the same type of scam on people down here. I would like to know who does the underwriting for this “lender”? He has so far defrauded a company down here for about $50,000.00.
Posted by on 10/21 at 08:19 AM
Chad E Willis the owner of MortgageHighway.com which has been shut down by the state of MI for operating an unlicensed business is now in Cabo San Lucas Mexico ripping people off with Real Estate Scams. He has stolen money from several investors in the states for the supposed purchase of property at Villa La Estancia. He is also operating a website called livingcabo.com. Local business owners in Los Cabos:” beware of this man and make sure you do your homework before you hand him any money.” He has a criminal record.
Posted by on 11/15 at 09:54 AM
i’m hiding in cabo san lucas, mexico
Posted by on 07/24 at 07:44 AM
i’m hiding in mexcio and my wife lives in lake orion,mi on mill st
Posted by on 07/24 at 07:59 AM
Chad Eugene Willis seen in San Carlos Sonora Mexico last week of July, maybe gone by August 5th due to a post on one of the local boards exposing his criminal record.
Posted by on 08/05 at 04:54 PM
I saw Chad in Cali we are following him.
Posted by on 08/19 at 08:43 AM
I NEED TO CONTACT SOMEONE REGARDING A MAN NAMED RONNIE DUKE, PLEASE CALL AT 586-216-7929
Posted by on 10/10 at 07:02 AM
Site is very usefull. Thanks for your works!
Posted by on 10/31 at 12:56 AM
Greetings! The excellent site, has especially liked design. Thanks.
Posted by on 11/07 at 10:16 AM
I am looking For Chad Willis, the last I knew he was in Rosarito beach just north of Ensenada, does anyone have any other info??
Posted by on 11/14 at 06:42 AM
Interesting site. Worth the visit!
Posted by on 11/19 at 03:51 AM
I like your website. Its web design is very cool and looks a Web Design Expert work.Regards,
Posted by on 11/24 at 09:08 AM
I have seen this person named Chad Willis whom is a known Fraud. I followed a link to this website.
I know where he is every day.
How can I help
Chad E. Willis is up to no good again in Puerto Vallarta. He has posted another web site www.livesancarlos.com that is fradulent. Himself and his girlfriend continue to their crime spree in Mexico. Please stay away from the site, and here is a picture of the couple.
If anyone has any friends in Pueto Vallarta please ask them to post this information and to repost the picture on this forum. Unfortunetly the police in Vallarta apparently have been informed of this guy but are not taking action against him.
Please foreward this into to any contacts you might have in Vallarta.
Posted by on 01/20 at 06:27 PM
I have a situation where a loan was granted, however, the individual who signing off on the loan didn’t work for the company. Furthermore, a loan was granted for a house. Since the individual signing as the loan officer didn’t work for the company does this make the loan void? How should i handle this case?
Posted by on 07/18 at 03:33 PM
Does anyone have a follow up info on the convicted felon Robert Troub?
Posted by on 04/17 at 09:40 AM
I am still looking for Chad Willis… Does anyone have any up tp date info n his whereabouts????
Posted by on 04/17 at 02:13 PM
I’m glad that they blacklist people convicted of fraud in order to protect consumers. Rob @ Grand Rapids Mortgage
Posted by on 07/25 at 01:43 PM
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Some Sources require Registration.
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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.
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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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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 
