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
Mortgage Fraud Blog is co-sponsored by Interthinx the leading provider of fraud services and solutions for the mortgage industry.
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:
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.
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
charges us daily intersts and says our payment is not enough to cover amount on loan. But they set the amount. we also did not agree to daily interst rate. The truth in lending does not match. Been dealing with them for three years now. Have sent us 2 differnt people info. Have told us we paid off first mortage we never had with them. SSN on a mortage note that was not ours. Was told that they do not have to stand by the truth in lending. buyer be aware of this. Also told you have 3 days to get out out loan once you sign. What? The problem came about in the first months after we got our statment and every thing went to interest. paid more than the payment. They even told we owed more the payement for that month. WE even paid early Told we had to pay every 30 days exact. What? We know. We have a 25 year note 2nd and we still them at the end of the term all of it plus interst.
Make any sense. I did not think so. How would you like it if you bought a car. And they said Your payment is 300 a month for 5 years.Which is 3600 a year and its yours. thats what your truth in lending says. The you call and say 2 years in find out you owe 462.00 but your payment is 300.00 never been late. what going on. your statment never said that. find out that end of the five years you will owe 13,500 plus any uncharge interst at the end of term. that is loan sharking. ANd your interst was not fixed as in terms of loan application and truth in lending. its daily.
That is what they have done to us. And we are not standing by any more. We home this company has not done to anyone else.
Posted by on 12/11 at 05:46 AM
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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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