Mortgage Fraud Risk Rises, Valuation Risk Down
Although the number of fraudulent mortgage applications dipped, the share and risk worsened. But a big improvement was made on valuation fraud risk.
Refis, Compliance Help Reduce Mortgage App Risk
As refinance share has widened and mortgage compliance has been bolstered, the level of risk on new mortgage applications has subsided.
Government Mortgages Drive Up Fraud Risk
Defects on mortgage applications rose for the first time in eight months, and it was deterioration on government mortgages that was behind the increase.
Compliance Investments Cutting Mortgage Risk
Investments in mortgage compliance are having a positive effect on the level of risk associated with loan defects and misrepresentations in home loan applications.
Prison for Former FDIC Attorney for Mortgage Fraud
A former attorney for the Federal Deposit Insurance Corp. will be spending hard time behind bars for defrauding Wells Fargo Bank, N.A.
Attorneys Blame BofA for Clients' Mortgage Fraud
Attorneys for three defendants are trying to convince a federal judge that Bank of America Corp.'s lax lending policies were responsible for their clients' mortgage fraud.
Multiple Mortgage Topics Addressed at Conferences
Multiple mortgage servicing conferences are among upcoming industry events -- though other conventions will touch upon mortgage fraud, licensing and banking. Also ahead are conferences covering mortgage-backed securities and litigation.
Former SunTrust Executive, Relatives Convicted
A former executive at SunTrust Mortgage Inc., his wife and two brothers-in-law have been convicted for running a mortgage fraud scheme.
Billion Dollar Mortgage Fraud Schemer Sentenced
Prison time is ahead for a defendant in a smaller residential lending fraud case and an exponentially larger case involving distressed commercial real estate loans.