Lending Practices, Tech Helped Cut Mortgage Risk
Many of the lending practices that helped bring down the mortgage industry have been reformed thanks to home lenders, government and technology.
Former HUD OIG Special Agent Convicted of Fraud
A federal jury in Georgia has convicted a former law enforcement officer with supervisory responsibility for mortgage fraud investigations of mortgage fraud, himself.
Mortgage Bankers Admit Defrauding FHA
Three people at a mortgage banking firm in the Miami area have admitted their roles in a massive fraud scheme involving government-insured mortgages.
Risk of Occupancy, Valuation Fraud Still a Problem
The risk of overall mortgage fraud retreated last year. Still, the risk of occupancy and valuation fraud remains elevated.
Leader of Massive Mortgage Fraud Ring Sentenced
The leader of a massive mortgage fraud ring, his mother and his sister were all sentenced Tuesday in a case where a total of 91 people have been charged.
Identity Fraud Drives Up Risk of Mortgage Fraud
A quarter-over-quarter increase in the risk of identity fraud drove a rise in the risk of overall mortgage fraud.
Chicago Judge Accused of Mortgage Fraud
A county judge in Chicago has been removed from the bench while she awaits a hearing by a state commission over allegations of mortgage fraud.
Ability to Repay Rule Reduces Mortgage Fraud
Home lenders are facing less risk of mortgage fraud, and one factor contributing to the improvement is the Ability to Repay Rule.
Appraisal Fraud On the Decline
When it comes to mortgage fraud, inflated appraisals have become less of an issue thanks to appraisal regulation. But collusion among buyers and sellers is worsening.
Share of Fraudulent Mortgage Applications Rises
As the volume of loan originations has diminished, so has the number of loan applications containing mortgage fraud. But the share of fraudulent applications has increased. Although states like Florida experienced a substantial increase in fraud risk, other states -- including the Grand Canyon State -- have seen a big improvement.