LO Sentenced for Fraud Short-Sale Scheme
A loan officer has been ordered to prison for her role in a scheme to defraud mortgage companies into agreeing to short sales. Her accomplices include attorneys.
Mortgage LO Sentenced to Prison
A New Jersey mortgage loan originator has been sentenced to hard time because of his role in a scheme involving $6 million in fraudulent residential loans.
Fraud Risk Up on Refis, Down on Purchases
Although the risk of fraud decreased last month on loans to finance a home purchase, an increase was recorded for refinances. Overall risk was lower.
N.Y. Judge Admits to Mortgage Fraud
A municipal judge in the Empire State has admitted that she lied to a residential lender and law enforcement officials.
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.