Mortgage Risk Rises, Purchase Shift Blamed
An increasing share of home purchase transactions is having a negative impact on the risk of defects, fraud and misrepresentation in home-lending applications.
LO Busted for Reverse Mortgage Fraud
A loan officer who originates reverse mortgages has been charged with committing mortgage fraud and not completing promised home repairs.
N.Y. Judge Arrested for Mortgage Fraud
A small-town judge in the Empire State has been arrested for allegedly lying to a home lender to obtain a mortgage.
Mortgage App Fraud Risk Continues to Rise
During each of the past five months, the risk of fraud on applications for a residential loan has moved higher. The Dakotas are emerging as a troubled region.
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.