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.
Mortgage Banker on Trial for $30 Million in Fraud
A federal prosecutor delivered his opening statement to a New York jury in a criminal case alleging $30 million in secondary and mortgage fraud.
Loan Application Fraud on the Decline
For several months now, applications for residential loans have seen fewer instances of prospective borrowers trying to mislead home lenders.