Former Wells Fargo Manager Off to Prison
A former manager at Wells Fargo Home Mortgage Inc. has been handed down a prison sentence for defrauding his former employer.
Property Valuation Fraud Risk Soars
Although the overall risk of mortgage fraud has changed little, a troublesome rise has been reported for the risk of valuation fraud.
Freddie Updates Lending, Reporting Policies
Policy updates issued by the Federal Home Loan Mortgage Corp. impact mortgage fraud reporting, large deposits and the use of a power of attorney.
Former W.R. Starkey LO Agrees to Consent Judgment
A long-running North Carolina case involving allegations of mortgage fraud and deceit has come to a conclusion. W.R. Starkey Mortgage previously reached a multi-million-dollar settlement for its role.
Big Breaks For Cooperative Mortgage Fraud Defendants
Federal prosecutors in Pittsburgh-area mortgage fraud cases have been found to give bigger-than-usual breaks to defendants whose help leads to more prosecutions.
Supreme Court Rules on Mortgage Fraud Restitution
A decision was handed down on Monday by the U.S. Supreme Court on how to quantify restitution in mortgage fraud cases.
Wholesale AE Coached Brokers in Mortgage Fraud
A former account executive at a subprime wholesale lender has been sentenced for her role in a mortgage fraud scheme.
Freddie Updates Requirements
The Federal Home Loan Mortgage Corp. has changed its reporting requirements for seller-servicers. Other updates impact multi-unit residential properties and income on refinances.
LOs Who Lose Licenses Get Licensed in Other States
Mortgage loan originators accused of mortgage fraud in one state are finding that they can still originate loans for borrowers in other states.