twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News

 

Mortgage News

HOT Topics

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/

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


May 2011 Archive
Last Updated Wednesday, January 11, 2012 05:33 PM Texas Time


Mortgage Fraud Wire


Local, State and Federal Government Announcements

Failed Bank's CEO Headed to Prison
The former chief executive officer of a failed Minnesota bank has been sentenced to prison for defrauding other banks and a federal banking regulator about financing for a luxury apartment complex.

5 Charged in $2 Million Ohio Case
Following an extensive investigation involving 30 interviews and 75 subpoenas, a mortgage fraud task force in Ohio has come up with five indictments.

Couple Jailed for Lying on Loan Application
A Utah couple each received prison sentences after admitting that they lied on a mortgage loan application. In all, six people have been sentenced in related cases.

It's Hard Time for Former City Official
A scheme that cost lenders more than a million dollars will cost a former city official more than two years behind bars.

NY Attorneys Dispute Fraud Charges
Two lawyers each deny that they played a role in a $10 million mortgage fraud case.

Broker Moved Family Into Mansion Through Fraud
The Wax House investigation in North Carolina has yielded a nearly two-year sentence for a mortgage broker who moved his family into a mansion that was part of the scheme. In all, nearly three dozen people have been charged in the case.

New NC Law Leads to 4 Convictions
Prison sentences ranged from eight to 62 months for four defendants whose mortgage fraud convictions were made possible through a relatively new law in North Carolina.

1-Day Sentence for $1.5 Million in Fraud
A former mortgage broker who now is a bodybuilder with his own fitness center has been sentenced to just one day in prison for originating $1.5 million in fraudulent loans.

Credit Plus, Inc. Automates More Fraud Detection Tools
Salisbury, Md. – Credit Plus, Inc., a leader in the credit information industry since 1928, has automated more of its Validation Plus fraud detection tools in order to help mortgage professionals verify loan application data and prevent mortgage fraud.

New Schemes Morph From Fraud
A recent incarnation of mortgage fraud has real estate agents deceiving mortgage lenders about the value of a home, secretly buying the home at a discounted price and quickly flipping it for a profit. Another scam has fake servicers contacting borrowers.

Interthinx Bolsters Employment and Income Analysis in FraudGUARD
AGOURA HILLS, Calif.--(EON: Enhanced Online News)--In response to its own findings that employment and income mortgage fraud risk rose significantly in 2010, Interthinx has integrated new critical data points to help lenders identify high-risk borrowers.

Two More Plead Guilty in $2 Million Mortgage Fraud Case
With guilty pleas from two more defendants in a $3 million case of mortgage fraud, a total of seven defendants have now admitted guilt. Three more defendants still face trial.

30 More Face Possible Indictment in Massive Fraud Case
Dozens of new defendants are expected to be named in a $100 million mortgage fraud case in North Carolina. The scheme involved jumbo loans.

Broker, Processor & Executive Guilty
Three defendants -- including a mortgage broker, loan processor and mortgage executive -- have pled guilty in a $2.9 million mortgage fraud case in Kentucky.

Mortgage Fraud Helped Sink NC Bank
A North Carolina mortgage broker was sentenced to nearly two decades of hard time after admitting his role in a case involving $15 million in fraudulent mortgages. Prosecutors claim that the crime helped bring down a bank in the state.

Former BoA Employee Gets 2-Day Sentence
A former employee of Bank of America has been sentenced to just two days in jail for preparing fraudulent verifications of deposit in a mortgage fraud scheme. Lenders lost nearly $1.4 million in the case.

CitiMortgage Adds Avantus to Its List of Approved Mortgage Fraud Report Providers
WEST HAVEN, CT (PRWEB) -- Avantus, a leading provider of customized mortgage credit reports, mortgage-related services and technology solutions, announced today that its LoanShield Borrower Review has been deemed fully compliant with CitiMortgage's fraud prevention guidelines, and Avantus will be added to their approved vendor list of mortgage fraud report providers.

Big Bank Employees in On Fraud
A South Carolina mortgage broker and a manufactured home salesman have been indicted in a $2 million case. Another case has several guilty defendants asking for delays in sentencings -- including a former JPMorgan Chase & Co. loan originator and a former Bank of America Corp. employee whose request was denied.


Loan Processors Sentenced in Mortgage Fraud Scheme
Former Real Estate Professionals Sentenced for Mortgage Fraud Scheme in Vallejo
Mortgage Fraud Defendant Sentenced to Prison
THREE INDICTED IN MULTIPLE MORTGAGE FRAUD SCHEMES INVOLVING THIRTEEN PROPERTIES IN FIVE R.I. COMMUNITIES TOTALING MORE THAN $3.5 MILLION
FINAL DEFENDANT SENTENCED TO 70 MONTHS FOR INVOLVEMENT IN LARGE-SCALE MORTGAGE FRAUD RING
Federal jury convicts Burnsville man of bilking mortgage lenders out of more than $43 million
Central Coast Man Sentenced to Nearly Two Years in Federal Prison in Mortgage Fraud Scheme
Two Fresno Men Sentenced To Prison For Mortgage Fraud Scheme
CLARKE COUNTY MAN INDICTED FOR MAKING FALSE STATEMENTS TO A FINANCIAL INSTITUTION
MORTGAGE BROKER SENTENCED TO PRISON FOR MORTGAGE FRAUD SCHEME
Six Indicted as Part of a Multi-Million-Dollar Mortgage Fraud Scheme
Two plead guilty in $4.2 million mortgage fraud scheme
OWNER OF NEW JERSEY-BASED MORTGAGE FORECLOSURE RESCUE COMPANIES PLEADS GUILTY TO $10 MILLION MORTGAGE FRAUD
Walter Bressler Enters Guilty Plea In Mortgage Fraud / Equity Stripping Sceme
EGG HARBOR TOWNSHIP, NEW JERSEY MAN PLEADS GUILTY TO MAKING FALSE MORTGAGE LOAN APPLICATIONS
Worcester Man Sentenced to Serve Time in Jail for Role in Mortgage Fraud Scheme
CINNAMINSON, NEW JERSEY MAN PLEADS GUILTY TO MORTGAGE FRAUD SCHEME
Two Men Charged in Mortgage Fraud Scheme
Former LAPD Officer Arrested on Securities Fraud Charges
Phoenix Real Estate Agent Pleads Guilty To Mortgage Fraud Scheme
Meridian Man Sentenced for Providing False Information to a Financial Institution
Fridley Man Pleads Guilty to Defrauding Eight Mortgage Lenders of $1.9 Million
Willamette Development Services Executives Indicted for Securities Fraud
FOR IMMEDIATE RELEASE
FOR IMMEDIATE RELEASE
Investor Sentenced to 27 Months for Role in $4 million Mortgage Fraud Scheme
NEW JERSEY MORTGAGE LOAN OFFICER SENTENCED TO 70 MONTHS IN PRISON FOR ROLE IN MORTGAGE FRAUD SCHEME

mortgage fraud news archives


Local Mortgage Fraud news
News about local mortgage fraud.



Mortgage Fraud News | Fraud Statistics | Fraud Index | Fraud Blog
Mortgage broker, originator and banker criminal cases. Real estate flipping and appraisal fraud. Mortgage fraud prevention, studies and analysis.



Logout forgot
password?

Mortgage Fraud Statistics
Government and private data on volume of mortgage fraud activity.



Mortgage Fraud Index
Dollar and index amount by quarter and state.



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



Mortgage Fraud News
News stories about fraud committed against home lenders.



Mortgage Fraud Blog
Actions in mortgage fraud criminal and civil cases.



local mortgage fraud


mortgage fraud links



SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter

MBS

mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders