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.
Mortgage Lender Witch Hunt Turns Up Bogus Leads
An attempt by a Florida county clerk to uncover fraud by lenders and banks turned up over 150 suspected cases -- none of which turned out to be legitimate.
Appraisal Fraud Warning on Reverse Mortgages
A warning has been issued about the use of fraudulent appraisals on the refinance of government-insured reverse mortgages.
Former Cop Admits Role in Mortgage Broker Fraud
A former police officer who was honored for his efforts in reducing violent crimes has admitted to his role in a pre-crisis mortgage fraud scheme.