Former Chase Mortgage Originator Pleads Guilty
A guilty plea has been made by a former mortgage loan originator at JPMorgan Chase & Co. who is accused of causing more than $30 million in losses to his employer.
Rising Trend in Mortgage Application Fraud Risk
For several months in a row now, the risk of home loan applications having bad or bogus data has been on the rise. Issues tied to robust real estate sales might be a factor.
Judge Removed from Bench for Mortgage Fraud
An Illinois judge who was indicted earlier this month for allegedly committing mortgage fraud has been removed from the bench.
Judge Indicted for Mortgage Fraud
An Illinois judge who came to the country as an immigrant has been indicted for allegedly lying on loan applications to obtain $1.4 million in mortgages.
Mortgage App Risk Rises, ARMs Could Drive Higher
The level of risk on overall applications for residential loans moved higher for the third consecutive month and could rise even further as adjustable-rate share rises.
Mortgage Broker, Stepson Banker Convicted
A mortgage broker and her stepson, who was a banker, have been convicted in federal court of defrauding the California bank where he worked.
Waning Refinances Drive Up Mortgage Fraud Risk
As the share of refinance mortgage originations continues to subside, more risky financing for home purchases is driving up the level of mortgage fraud risk.
Appraiser Fraud Alert Issued
A rash of cases have been uncovered where the identity of appraisers approved for government mortgages have been stolen.
Chase Mortgage Loan Originator Indicted
A former loan originator at JPMorgan Chase & Co.'s banking subsidiary has been federally indicted over allegations of mortgage fraud.
Mortgage Fraud Risk Grows, Could Rise More
Quarterly mortgage fraud risk increased and is expected to go higher. Communities in New York and Florida are at the most risk.