Mortgage Crimes Lead to Convictions, Prison
Several criminal cases against mortgage insiders involve the theft of loan files, the fraudulent use of a warehouse line-of-credit and embezzlement. One defendant plead guilty, while two others have been sentenced to prison.
Jason Alan Tauer pled guilty on Jan. 29 to stealing 93 loan files and data on 208 more people from Ameriquest Mortgage, a news release from the U.S. Attorney's office in Minnesota said.
Tauer worked at Ameriquest as a mortgage assistant from March 2005 to April 2005.
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Mortgage Graveyard Litigation
Several lawsuits involving failed or acquired mortgage firms have seen a good deal of activity lately. Issue
Federal Agencies Issue Model Privacy Form
Federal regulators today published a model privacy disclosure for use by financial institutions.
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