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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Roger Dale Ray, Raleigh, North Carolina, has been ordered to pay $3 million in forfeiture as a result of his role in a mortgage fraud scheme.
As previously reported on Mortgage Fraud Blog, Roger Dale Ray aka Peanut was named as a defendant in a superseding indictment filed in the United States District Court for the Eastern District of North Carolina. The charges against Ray include conspiracy to distribute a controlled substance; money laundering - continuing criminal enterprise; conspiracy to launder monetary instruments; money laundering; and, false statements. Ray was initially indicted on January 18, 2006; however, the indictment was sealed.
According to the indictment, on specified dates between January 24, 2003 and April 5, 2006, Ray allegedly made false statements to several lenders, including SouthTrust Mortgage Corporation, Central Carolina Bank, State Employee’s Credit Union, RBC Centura Bank and Wachovia Bank, by submitting false federal tax filings in support of loan applications. The drug charges allege that Ray conspired to distribute and possess with intent to distribute, more than five kilograms of cocaine and more than fifty grams of cocaine base (crack.) Mortgage Fraud Blog has been informed that the involved parties committed mortgage fraud in order to obtain investment properties and that further charges are expected. Ray was also reportedly a “real estate investor” and the owner of R&S Properties, Inc., CFI Mortgage, and Amstar Mortgage. Public records also indicate a relationship with Chase Holding Company, LLC; Evolution VII, LLC; LocalMotion R&S Properties Incorporated; Ray’s Development, LLC; RogDRick LLC, Smithfield Road, LLC and Woodpecker LLC.
The properties sought to be forfeited include:
2909 Oak Bridge Road, Raleigh, North Carolina;
4200 Ruby Drive, Raleigh, North Carolina;
9716 Fairchild Road, Zebulon, North Carolina;
9720 Fairchild Road, Zebulon, North Carolina;
4525 Auburn Church Road, Garner, North Carolina;
4513 Auburn Church Road, Garner, North Carolina;
2816 Quince Drive, Raleigh, North Carolina;
608 Wexford Drive, Raleigh, North Carolina;
1315 E. Lenoir Street, Raleigh, North Carolina;
907 E. Hargett Street, Raleigh, North Carolina;
9725 Fairchild Road, Zebulon, North Carolina;
234 W. Barbee Street, Zebulon, North Carolina;
217 S. Pettigrew Street, Raleigh, North Carolina;
2400 Sunny Lane, Raleigh, North Carolina;
7117 Brodie Alston Lane, Wendell, North Carolina;
7121 Brodie Alston Lane, Wendell, North Carolina;
1704 Pender Street, Raleigh, North Carolina;
3101 Rosinburg Road, Zebulon, North Carolina;
715 Sheperd School Road, Zebulon, North Carolina;
709 Carlisle Street, Raleigh, North Carolina;
102 First Avenue, Knightdale, North Carolina;
101 S. Smithfield, Knightdale, North Carolina;
7101 Missionary Ridge Drive, Raleigh, North Carolina;
316 N. Allen Road, Wake Forest, North Carolina;
3117 Woodpecker Court, Raleigh, North Carolina;
206 W. Barbee Street, Zebulon, North Carolina;
214 W. Barbee Street, Zebulon, North Carolina;
9712 Fairchild Road, Zebulon, North Carolina;
100 W. Barbee Street, Zebulon, North Carolina;
2015 Village Park Drive, Knightdale, North Carolina;
0 S. First Avenue, Knightdale, North Carolina;
0 Bethlehem Road, Knightdale, North Carolina;
1019 Windward Hill Court, Middlesex, North Carolina; and
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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