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 Lawsuits News | Mortgage Litigation Index
Mortgage industry lawsuit news and mortgage litigation coverage. Stories about legal settlements, judgments and mortgage class actions.

Mortgage Crimes Lead to Convictions, Prison

Recent mortgage-related criminal cases

Feb. 9, 2010


Several criminal cases against mortgage insiders involve the theft of loan files, the fraudulent use of a warehouse line-of-credit and embezzlement. One defendant plead guilty, while two others have been sentenced to prison.

Jason Alan Tauer pled guilty on Jan. 29 to stealing 93 loan files and data on 208 more people from Ameriquest Mortgage, a news release from the U.S. Attorney's office in Minnesota said. Tauer worked at Ameriquest as a mortgage assistant from March 2005 to April 2005.

In addition to allegedly stealing the identification data, he is accused of stealing items from gym lockers. Tauer used the stolen IDs to fraudulently obtain cash, services and other valuables. He was able to extract more than $30,000 from one credit card he obtained.

Maryland Attorney General Douglas F. Gansler issued a Jan. 28 statement indicating that David Young Park was effectively sentenced to 18 months in prison and ordered to pay $116,556 in restitution. Park, the former president of Capital City Financial Group in Ellicott City, Md., plead guilty to stealing the loan proceeds from a refinance transaction on a commercial condominium.

Park, who spent the cash on personal and business expenses over a two-week period, and Capital City were never reportedly licensed to originate loans in the state.

A preliminary hearing was waived for Kristine L. Brown, who is accused of stealing $29,000 from her former employer, Mortgage Network Solutions, the Reading Eagle reported. The 56-year-old defendant, who lives in Laureldale, Pa., was fired by the Delaware-based firm in August 2008 after a criminal probe started four months earlier led to charges that she re-directed appraisal fee checks to accounts she controlled.

The former president of First Fidelity Mortgage Inc., William Everett Nichols, was sentenced to six years in federal prison and ordered to pay $4 million in restitution, a news release Thursday from the U.S. Department of Justice said. The company, which did business as Southern Funding, closed in April 2009, according to one online source.

Nichols, who plead guilty in November, allegedly took the proceeds from a warehouse line-of-credit and provided fake notes to the warehouse lender -- Sabine State Bank. In all, Nichols fraudulently collected $2.9 million.

Sam Garcia worked in mortgage lending for twenty years prior to becoming publisher of in 2000.

[email protected]

Secondary Marketing News | Correspondent Lender Directory
Mortgage portfolio trades and forward commitments. Correspondent lending, r e p u r c h a s e s and warehouse news. Secondary marketing statistics and lawsuits.

Privacy News and Privacy Policy
Stories about privacy regualtion, actions and issues.'s privacy policy.

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