Risk Of Mortgage App Fraud Up
Over the past year, the risk of bad information being submitted on mortgage applications has worsened. Florida high-rise condominiums are an especially risky category.
Prison for Mortgage Broker
A former Texas mortgage broker has received a prison sentence for his role in deceiving wholesale lenders on more than a dozen transactions.
Frmr Trump Campaign Chair Accused of Mortgage Fraud
The former chairman of President Donald J. Trump's presidential campaign has been accused of mortgage fraud.
Jury Convicts Former Judge of Mortgage Fraud
A federal jury has found a former judge guilty of mortgage fraud. The conviction comes less than a month after a loan originator agreed to testify against her.
LO Allegedly Used Own Bank Statements on FHA Loans
A New Jersey loan officer is accused of altering his own personal banks statements to use for prospective borrowers on over 20 government-insured mortgages.
LO to Testify Against Judge in Mortgage Fraud Case
A Chicago-area loan originator has pled guilty to her role in mortgage fraud scheme involving a judge whom she has agreed to testify against.
Bank Owner Pleads Guilty to Mortgage Fraud
A major stockholder in a bank that failed several years ago has admitted to deceiving officials about his interest in loans made by the bank and to mortgage fraud.
Mortgage App Defects Elevated from Year Ago
Defects in single-family loan applications remain substantially higher than one year ago. But defects have more recently stabilized and are likely to remain stable.
Former USDA Loan Officer Arrested for Loan Fraud
A former loan originator for the U.S. Department of Agriculture is accused by the Department of Justice of accepting bribes to commit loan fraud.
Risk Eases on Mortgage Apps, Though Up From 2016
Bad data on residential loan applications was a little less likely in September, though risk was worse by a fifth compared to last year. Risk jumped in hurricane-affected areas.