twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to 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

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

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

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

Press Releases
Reports and announcements from

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









site map

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.

Developer Pleads Guilty to Defrauding HUD

Travis Soule pleads guilty to embezzlement and $180k in mortgage fraud

July 14, 2011

Sun Journal - McClatchy-Tribune Information Services

A real estate developer who has admitted to defrauding the Department of Housing and Urban Development could face up to 15 years in prison.

Former Twin Cities developer Travis Soule has pleaded to federal charges of fraud and embezzlement in connection with a scheme to transfer federal housing funds to his personal bank accounts.

Soule, 47, of Rockland appeared in U.S. District Court Wednesday morning. He will be sentenced following a court-ordered pre-sentencing report, but could face as much as 15 years in federal prison and $500,000 in fines.

In 2009, the U.S. Department of Housing and Urban Development Office of Inspector General began investigating Soule's housing and development activities after learning of irregularities in his loan applications for HUD funding to rehab and repair his rental properties.

In June, he was charged with federal counts of fraud and theft, stemming from $180,000 worth of fraudulent transactions between June 2007 and May 2008 for rehabilitation projects at three Pine Street properties.

Soule pleaded guilty to soliciting estimates from various contractors for rehabilitation of those properties and then filing the estimates with fraudulent applications to the city of Lewiston for loans under HUD's HOME program, which is aimed at improving availability of affordable housing for low-income families.

Through is plea, Soule has also acknowledged that he embezzled money from the HOME Investment Partnership Program by converting checks and vouchers for his own use, including forging subcontractors' signatures and depositing some of the checks into his personal checking account.

In addition to the federal convictions, Soule has faced a number of court actions in the past two years.

In December, an Androscoggin County Superior Court judge ordered Soule to pay a former contractor more than $66,000 for work the man did on Soule's Stevens Mills condominium development in Auburn.

In 2009, the U.S. Environmental Protection Agency filed complaints against Soule, alleging 51 violations of the federal lead disclosure law. If convicted, he could face more than $500,000 in fines.

Soule is also facing legal action in Cumberland County, including a civil claim by a former partner that Soule mismanaged the pair's rental properties and diverted thousands of dollars to himself and his wife.

There have also been a number of foreclosure actions on his properties in Auburn and Lewiston.

back to home page

Local Mortgage Fraud news
News about local mortgage fraud.

To see more of Sun Journal or to subscribe to the newspaper, go to

Copyright (c) 2011, Sun Journal, Lewiston, Maine

Distributed by McClatchy-Tribune Information Services.

For more information about the content services offered by McClatchy-Tribune Information Services (MCT), visit, e-mail [email protected], or call 866-280-5210 (outside the United States, call +1 312-222-4544)

This story was distributed by TNS - Tribune News Service
Logout forgot

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


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