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Local Mortgage Fraud News Stories
Illegal Flipping Schemes, Appraisal Fraud and other Mortgage Fraud


March 2012 Archive
Last Updated Tuesday, April 03, 2012 11:00 AM Texas Time


Mortgage Fraud Wire


Local, State and Federal Government Announcements

48 Months for 57-Year-Old Woman
NEWPORT NEWS, Va. -- A Chesapeake woman convicted of conspiring to commit mail and wire fraud was sentenced to four years in prison Monday in federal court.

Broker to Spend Decade in Prison
A Daugherty Township man will spend the next decade in federal prison for his role in a mortgage fraud scheme that lasted nearly seven years.

Loan Officer Inflated Income, Faked Appraisal
FLORENCE, S.C. -- A Timmonsville woman was convicted in federal court Thursday on charges of falsifying loan applications.

Wells Fargo is Victim in Indiana Scheme
A 47-year-old Zionsville, Ind., man was sentenced to 30 months in prison by U.S. District Judge Jane E. Magnus-Stinson Wednesday, March 14.

Attorney Admits Role in FHA Fraud Scheme
A New Haven, Conn., lawyer pleaded guilty Tuesday to making a false statement to the U.S. Department of Housing and Urban Development in connection with a real estate closing, the U.S. States Attorney's Office said today in a statement.

$31 Million in Fraud Netted Foreclosure Rescue Operator $11 Million
Anthony J. DeMarco III pleaded guilty on Tuesday to conspiracy and fraud charges connected to a mortgage foreclosure rescue scheme involving $31 million in fraudulent loans on 120 properties, the U.S. Attorney's office in Philadelphia said.

Farm Financed with Fraud
A co-defendant facing allegations of participation in a fraudulent real estate transaction involving Healthy Family Farms testified Monday that he let Sharon Palmer use his name and good credit rating so she could get a loan to buy the farm.

Title Agency Owner Helped Broker Obtain Fraud Loans
The last of three people, accused of running a mortgage fraud scheme in Broward, was charged with four counts of wire fraud on Thursday, according to U.S. Attorney Wifredo A. Ferrer.

3rd Guilty Plea in $11 Million Mortgage Fraud Case
A Lynchburg, Va., man pleaded guilty this morning to submitting a falsified mortgage application as part of an $11 million mortgage fraud scheme in the Smith Mountain Lake area.

Former Countrywide LO Sentenced to 15 Years
A former Countrywide Financial Corp. loan officer has been sentenced to 15 years in federal prison after pleading guilty to charges related to a nearly $40 million mortgage fraud scheme.

Florida Woman Heading to Prison
A Coral Springs woman was sentenced to a year and a day in federal prison Wednesday for her role in a multi-million dollar mortgage fraud scheme, court records show.

Waxhouse Case Yields More Charges
Federal prosecutors in Charlotte, N.C., Tuesday filed charges against another defendant in the long-running mortgage fraud investigation known as Operation Wax House.

6 Charged, 2 Sought in $5.8 million Scheme
Six people were charged with defrauding banks and investors out of $5.8 million in an orchestrated home-buying scheme, police said Monday.

More Crimes Emerge from Russian Crime Ring
A federal mortgage fraud probe that has produced criminal charges against dozens of people in Sacramento's Russian American community is spinning off new white-collar investigations.

Wisconsin Using 10% of Servicer Settlement for Fraud
The state Department of Justice plans to use up to $3 million of the $31.6 million given directly to the state of Wisconsin under the $25 billion multi-state mortgage settlement to identify, investigate and prosecute mortgage and other financial fraud, executive assistant Steve Means said.

3-Year Sentence for Former Florida Cop
A former Plantation, Fla., police officer was sentenced to three years and seven months in federal prison on Friday and ordered to pay close to $3 million in restitution for his role in a South Florida mortgage fraud.

Slumlord Charged With $10 Million in Fraud
A real estate investor once described by tenants as a "millionaire slumlord" was charged Friday with defrauding banks of $10 million in an effort to shore up his rowhouse empire in Kensington and Port Richmond.


Disbarred Lawyer Indicted And Arrested For Running A Corrupt Real Estate Practice
Savage Man Sentenced for Participating in $13 Million Mortgage Fraud Scheme
Owner and Founder of Metro Dream Homes Sentenced to 150 Years in Prison in $78 Million Mortgage Fraud Scheme
Chico Mortgage Defendant Sentenced To 57 Months In Prison
Paralegal Charged in Property Mortgage Scam
Woman Who Orchestrated $6 Million Embezzlement Scheme Sentenced to More Than Eight Years in Prison
Title Company Owner and President Sentenced to 18 Months in Prison in $3.1 Million Mortgage Fraud Scheme
Jury Convicts Chico Mortgage Broker Of Mortgage Fraud
MANHATTAN U.S. ATTORNEY RECOVERS $250,000 FROM APPRAISER IN CIVIL MORTRGAGE FRAUD CASE
Lender Representative Sentenced for Mortgage Fraud Scheme
Mortgage Broker Sentenced to 10 Years in Prison for Massive Fraud Scheme
Middletown Man Sentenced to Two Years in Mortgage Fraud Scheme
Four Individuals Indicted for Bank Fraud
Spruce Pine Man Indicted for $100 Million Fraud
Canyon County Woman Pleads Guilty to Bank Fraud and Bankruptcy Fraud
Former Chief Financial Officer of Taylor, Bean & Whitaker Pleads Guilty to Fraud Scheme
Former Phoenix Real Estate Agent Sentenced to 51 Months in Prison for Mortgage Fraud Scheme
Gilman Law LLP Files Lawsuit against Ginn Development and Affiliates Alleging Massive Mortgage and Real Estate FraudtThroughout Florida
Local Developer Pleads Guilty, Partner and Homeowners Sentenced
Real Estate Developer Pleads Guilty to Conspiracy to Commit Bank Fraud
Foreclosure Rescue Scammer Pleads Guilty in Philadelphia
Serial Fraudster Sentenced to Over 4 Years in Prison in Connection with Real Estate and Home Improvement Fraud Schemes
Modesto Developer Arrested In Mortgage Fraud Scheme
Sussex County Woman Convicted by Jury in Phony Mortgage Loan Scheme
St. Louis Man Sentenced on Fraud Charges
Broward Mortgage Broker Sentenced in Multi-Million Dollar Mortgage Fraud
Mortgage Executive Sentenced To 33 Months For Mortgage Loan Fraud
Savage Woman Pleads Guilty To Role In Mortgage Fraud Scheme
Kevin Scott Wiebe Knowingly Submitted False Documents in Exchange for $5,000
Loan Officer Sentenced in Fraudulent Mortgage Rescue Scheme Resulting in Losses of Over $1.2 Million to Homeowners in Financial Distress
Dan Oaheyoh Two Feathers Pleads Guilty in U.S. Federal Court
Chesapeake Man Pleads Guilty To Mortgage Fraud Scheme
5 San Diego-area residents plead guilty to mortgage fraud
Former Countrywide Loan Officer Sentenced to 15 Years in Prison and Ordered to Pay $22,000,000 in Restitution
State Attorney Michael McAuliffe and Palm Beach County Sheriff Ric Bradshaw announce the arrests and filing of criminal charges against 15 individuals while 7 individuals remain at large in OPERATION "LEAP FRAUD" for numerous offenses including Mortgage Fraud, Insurance Fraud, Money Laundering, Threats or Extortion, Grand Theft Over $100,000, Organized Fraud Over $50,000 and Public Assistance Fraud
Kings County District Attorney Charles J. Hynes Announces Charges in Multiple Real Estate Scams
Homebuilder Indicted in $14.7 Million Construction Investment Scheme
Local Businessman Sentenced on Fraud Charges Involving Fraudulent Use of Insurance Proceeds
Cottage Grove Man Sentenced for Defrauding Investors in a House-Flipping Scheme
Former Marana Resident Convicted of 14 Counts of Wire Fraud
Former Plantation Police Officer Joseph Guaracino Sentenced to 43 Months' Imprisonment for Conspiracy to Commit Mail and Wire Fraud in Mortgage Fraud Scheme
New Jersey Man Charged with Loan Fraud
70 YEAR OLD TUCSON REAL ESTATE AGENT SENTENCED TO PRISON FOR MORTGAGE FRAUD
Former owner and operator of phony mortgage rescue company sentenced to prison for role in fraud scheme

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Mortgage Fraud News | Fraud Statistics | Fraud Index | Fraud Blog
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Dollar and index amount by quarter and state.



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Lawsuits and settlements invoving mortgage fraud by a lender insider. From 2007 through first-quarter 2013



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News stories about fraud committed against home lenders.



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Actions in mortgage fraud criminal and civil cases.



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