Ameriquest Cuts 1500 Jobs
In response to a challenging environment, the parent of Ameriquest Mortgage Co. laid off about 1,500 employees.

100s of Wholesale Jobs Being Added
A subprime wholesale lender's expansion into the Northeast will create hundreds of loan processing and sales jobs.

National City Consolidates Employees
National City Mortgage has implemented a consolidation plan, and wholesale lending employee changes are apparently leading the way.

Mortgage Employment News Section
Articles about job additions, layoffs and employment lawsuits. Monthly mortgage sector employment news from the Department of Labor. Best mortgage employers to work for. Employment archives back to 2002.
MortgageDaily.com/MortgageEmployment.asp

Broker Jailed for Stealing CA License
The operator of a bogus California mortgage brokerage has been arrested for allegedly using another broker's license to get wholesalers to fund fake loans that used fraudulent information she stole from prospective borrowers.

FED Suspends Loan Officer
The Federal Reserve Board recently suspended a loan officer who was charged with fraud committed while working at another bank.

Appraisal Alterations Lead to License Suspension
Kansas state banking officials recently ordered the revocation of a Missouri-based mortgage company's license and a $235,000 fine for alleged fraudulent loan activity.

News About Lending Licenses
License issues by state. Coverage of lending license revocations, broker licensing legislation and other licensing issues.
MortgageDaily.com/Licenses.asp

5 Common Broker Schemes
In an analysis of proposed mortgage broker licensing, Colorado regulators have outlined five common schemes used by unscrupulous brokers on unsuspecting borrowers.

Broker, 4 Processors Indicted
A federal grand jury in Louisiana has returned a 65-count indictment against an alleged mortgage fraud ring that included a mortgage broker, four loan processors and an appraiser. The bad deals were submitted to a now-defunct subprime subsidiary of Bank of America.

Fraudster Tried to Have Judge Killed from Jail
Ronald Dudas, who has a long record of mortgage fraud convictions, tried to hire a hit man from jail to kill the judge who sentenced him.
read mortgage fraud insights@FraudBlogger.com

Fraud News Stories
Loan originator, mortgage banker and broker criminal cases.
Real estate flipping cases.Appraisal fraud news. Indictments,
convictions and sentencings. Mortgage fraud prevention.
MortgageDaily.com/MortgageFraud.asp

Mortgage Servicer Sued Over Privacy Breaches
Financial information for 200,000 people, including 60,000 with active mortgages, has been stolen from a Texas-based loan servicer -- landing the company in court.