Mortgage Broker, Sister Convicted of Mortgage Fraud
A Pennsylvania man and his sister have been tried for and convicted of committing mortgage fraud through his mortgage brokerage business.
Former Fifth Third Executive Sentenced
A former executive at Fifth Third Bancorp's banking subsidiary has been sentenced to prison for alleged bribes and fraud on real estate loans.
Mortgage Firm's Owner On Trial for Mortgage Fraud
The owner of a defunct mortgage firm is accused using fake appraisals and fraudulent documents in a multi-million-dollar mortgage fraud conspiracy.
Bigger Drop in Fraud Risk on Gov Apps than Conv
Last month, potential fraud on new residential loan applications was no different than in July. A decline in risk on conventional applications was exceeded by the decline on government transactions.
Mortgage Fraud Risk Rises, Valuation Risk Down
Although the number of fraudulent mortgage applications dipped, the share and risk worsened. But a big improvement was made on valuation fraud risk.
Refis, Compliance Help Reduce Mortgage App Risk
As refinance share has widened and mortgage compliance has been bolstered, the level of risk on new mortgage applications has subsided.
Government Mortgages Drive Up Fraud Risk
Defects on mortgage applications rose for the first time in eight months, and it was deterioration on government mortgages that was behind the increase.
Compliance Investments Cutting Mortgage Risk
Investments in mortgage compliance are having a positive effect on the level of risk associated with loan defects and misrepresentations in home loan applications.
Prison for Former FDIC Attorney for Mortgage Fraud
A former attorney for the Federal Deposit Insurance Corp. will be spending hard time behind bars for defrauding Wells Fargo Bank, N.A.
Attorneys Blame BofA for Clients' Mortgage Fraud
Attorneys for three defendants are trying to convince a federal judge that Bank of America Corp.'s lax lending policies were responsible for their clients' mortgage fraud.