Waning Refinances Drive Up Mortgage Fraud Risk
As the share of refinance mortgage originations continues to subside, more risky financing for home purchases is driving up the level of mortgage fraud risk.
Appraiser Fraud Alert Issued
A rash of cases have been uncovered where the identity of appraisers approved for government mortgages have been stolen.
Chase Mortgage Loan Originator Indicted
A former loan originator at JPMorgan Chase & Co.'s banking subsidiary has been federally indicted over allegations of mortgage fraud.
Mortgage Fraud Risk Grows, Could Rise More
Quarterly mortgage fraud risk increased and is expected to go higher. Communities in New York and Florida are at the most risk.
GSE Initiatives Expected to Cut Mortgage Risk
The risk of bad data in mortgage applications was held in check, and government-sponsored enterprise initiatives will help even more next year.
Alt-Documentation Loans at Greater Risk of Fraud
A new report says that residential loans which are underwritten using alternative documentation are more susceptible to fraud.
Mortgage Broker's Attorney Dozes Off During Trial
A Pennsylvania mortgage broker who was convicted of mortgage fraud this week will get a second chance thanks to his lawyer dozing off during trial.
Mortgage Broker, Sister Convicted of Mortgage Fraud
A Pennsylvania man and his sister have been tried for and convicted of committing mortgage fraud through his mortgage brokerage business.
Former Fifth Third Executive Sentenced
A former executive at Fifth Third Bancorp's banking subsidiary has been sentenced to prison for alleged bribes and fraud on real estate loans.
Mortgage Firm's Owner On Trial for Mortgage Fraud
The owner of a defunct mortgage firm is accused using fake appraisals and fraudulent documents in a multi-million-dollar mortgage fraud conspiracy.