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
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Some Sources require Registration.
Erie Area Mortgage Broker Gets Prison in Fraud Case
GoErie.com - Erie, PA
Shortly before receiving a nearly three-year federal prison sentence, former mortgage office manager Francis R. Conti told the judge he never meant to defraud any of the homeowners caught up in a widespread local mortgage-fraud scheme.
Three Former Portland-Area Mortgage Brokers Face Fraud Charges
OregonLive.com - Portland, OR
Joel D. Surprenant, Michael Duc Han and Benjamin Lucian Lucescu all were charged with one count of obtaining mortgage loans through materially false and fraudulent pretenses.
Shaker Pair Pleads Guilty to Mortgage Fraud Charges
Cleveland.com - Cleveland, OH
Two Shaker Heights residents recently pleaded guilty to charges involving a mortgage scheme with seven area houses and $3 million in fraudulent loans.
Feds File Charges in Five Mortgage Fraud Cases
Chicago Breaking News - Tribune - Chicago, IL
Federal charges were filed today against 37 people and four companies in five separate mortgage fraud cases.
Feds Fighting Back
Contra Costa Times - Walnut Creek, CA
Mortgage fraud has increased so dramatically in the San Joaquin Valley that a task force of federal, state and local agencies has been formed to fight back.
Private Investigator Sees Rise in Mortgage Fraud Due to Economy
PR Web - Ferndale, WA
In the past 12 months his firm has been retained to conduct over 300 mortgage fraud investigations, a 100% increase from 2007.
Former UGA, NFL Football Player Arthur Marshall Charged With Mortgage Fraud Claims
WJBF-TV - Augusta, GA
He is also accused of defrauding three banks in obtaining loans for seven different properties in Columbia and Richmond Counties.
Cuomo Subpoenas Loan Modification Companies
New York Times - United States
“The entire industry is a scam, in my opinion,” Mr. Cuomo said Tuesday. “These are services that homeowners don’t need to pay for in the first place.”
Defendant Pleads Guilty to Wire Fraud Relating to Mortgage Fraud Scheme
Imperial Valley News - Holtville, CA
Scavitti admitted that between 2003 and August 2008 he unlawfully diverted mortgage funds that were wire transferred into his client office account to his own personal benefit, resulting in losses in excess of $2.5 million.
Fed Drug Report: Double Trouble for Metro Chicago
ABC7Chicago.com - IL
...Chicago street gang members run a network of legitimate businesses and have engineered mortgage fraud schemes, both to launder drug proceeds...
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Trial coverage provided by Anne Mitchell, Crazy Fish Realty.
Update - US v. F. Jeffrey Miller, et al.
Miller II: Judge Julie Robinson has ruled in favor of the defense motion granting a continuance for sentencing of the 3 convicted defendants: F. Jeffrey Miller, Steve Vanatta and Hallie Irvin. The three will now be sentenced after ruling on post trial motions set for August 10, 2009.
Vanatta has been in custody for over 2 years. Vanetta filed a motion for his release pending sentencing. That motion was denied.
Miller remains free pending his sentencing. He has hired a new attorney who filed a motion to delay Miller's sentencing. In one post trial motion, the defense argues as to what assets are subject to seizure.
Defendant Todd Earnshaw is a Kansas City real estate Broker (and brother in law of Miller). Earnshaw has been indicted in what is commonly referred to as Miller I. A trial date for that matter has been set for January, 2010 in Topeka, Kansas.
The Government filed a motion to revoke Earnshaw's bond and remand him to custody while he awaits trial after learning that he allegedly committed the state crimes of Driving Under the Influence, Handicap Parking Violation and Failure to Control Speed to Avoid a Collision while on pretrial release. Notwithstanding finding that probable cause existed to believe that Earnshaw committed the aforementioned state crimes, Judge Robinson denied the motion, but ordered several strict conditions that Earnshaw must follow pending his trial.
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Rachel Dollar is an attorney and Certified Mortgage Banker who handles fraud recovery litigation for lenders and secondary market investors nationwide. She is a nationally recognized speaker on the topic of mortgage fraud. Ms. Dollar is licensed to practice law in California and maintains offices in Santa Rosa, California. 
