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  3. Mortgage Fraud Lawsuits - Third-Quarter 2011 Mortgage Litigation Index Third-Quarter 2011 Mortgage Litigation Index

Mortgage Fraud Lawsuits – Third-Quarter 2011 Mortgage Litigation Index Third-Quarter 2011 Mortgage Litigation Index

Mortgage Daily

Published On: January 9, 2012
Mortgage Fraud Lawsuits
Third-Quarter 2011 Mortgage Litigation Index
Big cases involving mortgage fraud, flipping, identity theft and inflated appraisals where a lender employee is involved..
Defendant
Plaintiff
Court
Amount
Overview
Case Title
Case Number
 Date Filed Link to Story
Robert S. Luce Department of Justice U.S. District Court for the Northern District of Illinois $1,600,000 Department of Justice filed suit against Robert S. Luce, former Federal Housing Administration correspondent, for fraud, seeking recovery under the False Claims Act and civil penalties under the Financial Institutions Reform, Recovery and Enforcement Act. United States of America v. Luce 11 C 5158 7/29/2011 www.mortgagedaily.com/LawsuitMdr073111.asp
Louis Gendason; Kimberly Mackey; John Incadela; Marcos Echeverria United States of America U.S. District Court for the Southern District of Florida $2,570,000 The defendants were charged with one count of conspiracy to commit wire fraud for their participation in a reverse mortgage and loan modification scheme. Gendason, Mackey and Incandela pleaded guilty to one count of conspiracy to commit wire fraud. Echevarria charged with conspiracy to commit wire fraud and has not pleaded guilty. United States v. Gendason, et al. 0:11-cr-60145-WPD 6/20/2011 www.mortgagedaily.com/MctReverseFraud070711.asp
Helen Hinojos, Ruth Farias, Esmeralda Garcia United States N/A N/A Mortgage loan processor Helen Hinojos, along with Ruth Farias and Esmeralda Garcia, are being tried for taking out fraudulent cashout second mortgages and stealing refinance proceeds from five elderly homeowners. n/a n/a n/a www.mortgagedaily.com/litigationcriminal072511.asp
Shawn L. Portman; Sonja L. Lightfoot; Jeanette R. Salsi; Adam S. Voelker United States U.S.  District Court for the Western District of Washington $45,000,000 Portman pleads not guilty in a federal action by US Attorney claiming Portman, and three other defendants, conspired together to submit false documents about borrowers’ qualifications and property values to induce the bank to fund loans amounting to more than $45 million.  n/a n/a n/a www.mortgagedaily.com/MctPierceCommercialBank080611.asp
William M. Vaughan, Craig Chambers, Patrick Friedl, Tom K. Crowley, Jon Nevins United States U.S. District Court for the Western District of Missouri $1,142,768 Former Northland National Bank vice president William M. Vaughan and mortgage broker and former police officer Craig Chambers were indicted along with Patrick Friedl, Tom K. Crowley and Jon Nevins for allegedly participating in a $485,000 mortgage fraud scheme. n/a n/a n/a www.mortgagedaily.com/litigationcriminal072511.asp

2nd quarter 2011 mortgage fraud lawsuits

1st quarter 2011 mortgage fraud lawsuits

4th quarter 2010 mortgage fraud lawsuits

3rd quarter 2010 mortgage fraud lawsuits

2nd quarter 2010 mortgage fraud lawsuits

1st quarter 2010 mortgage fraud lawsuits

4th-quarter 2009 mortgage fraud lawsuits

3rd-quarter 2009 mortgage fraud lawsuits

2nd-quarter 2009 mortgage fraud lawsuits

1st-quarter 2009 mortgage fraud lawsuits

4th-quarter 2008 mortgage fraud lawsuits

3rd-quarter 2008 mortgage fraud lawsuits

2nd-quarter 2008 mortgage fraud lawsuits

1st-quarter 2008 mortgage fraud lawsuits

full-year 2007 mortgage fraud lawsuits

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