Mortgage Daily Logo
VIEW YOUR RATE

Get Your Mortgage Rate Quote in Just 30 Seconds

Mortgage rates change every day, and your rate will vary based on your location, finances, and other factors. Get your FREE customized rate comparison below.

GET MY RATE QUOTE NOW

Criminal Complaints Third Quarter 2009 Mortgage Litigation Report

Criminal Complaints
Third Quarter 2009 Mortgage Litigation Report
Cases involving criminal complaints.
Defendant
Plaintiff
Court
Amount
Overview
 Case Title
Case Number
 Date Filed Link to StoryLink to Story
Michael Lee Wilson The People of the State of California Santa Barbara County Superior Court, Santa Maria Division n/a The District Attorney’s office filed an amended complaint against Wilson alleging 147 felony counts for selling a security under a misrepresentation, grand theft, and forgery. The claims include mortgage fraud by forging deeds of trust, fabrication of checks, and violations of the California Penal Code related to theft from elders and/or dependent adults. Wilson could spend more than 50 years in California state prison if convicted. California v. Wilson 09-07-225191 7/14/2009 oldmortgagedaily.com/ArrestPacificCoast071409.asp
David Arthur Nilsen; Manoel Antonio Errico United States of America U.S. District Court for the Northern District of California, San Jose Division n/a David A. Nilsen, owner and operator of Cedar Funding, Inc., and Manoel A. Errico, a loan servicing manager, are accused of providing fraudulent statements to investors, providing loan extensions to borrowers that were in violation of servicing agreements, and failing to record the assignment of liens in violation of servicing agreements. In all, investors are expected to lose more than $100 million. United States v. Nilsen et al. CR 09-0895 9/8/2008 oldmortgagedaily.com/IndictmentCedarFunding091409.asp
Bruce Jarrard United States of America U.S. District Court for the Eastern District of Michigan, Southern Division n/a Defendant plead guilty to stealing data regarding potential customers for reverse mortgages from former employer. United States v. Jarrard 2:09-cr-20118-GCS-VMM 3/11/2009 oldmortgagedaily.com/Lawsuits081909.asp
David Findel United States of America na na Criminal complaint filed over selling same loans to mulitiple institutions. na na na oldmortgagedaily.com/WorldwideArrest091109.asp

 

Popular posts

7 Refinance Strategies
7 Refinance Strategies

Refinance to a lower interest rate: If interest rates have dropped since you took out your original mortgage, refinancing to a lower rate can help you save money on your monthly payments and reduce the overall cost of your loan. Refinance to a shorter loan term:...

7 Refinance Strategies
Is Refinancing With Your Present Lender Preferable?

Do Not Accept the First Refinancing Offer You Receive Homeowners should not accept the first refinancing rate provided to them. This is particularly important if you are applying with your existing lender. Some mortgage lenders have mechanisms in place that prioritize...

Newsletter

Don’t worry, we don’t spam

calculate your monthly mortgage payment

Related Topics

Mortgage Refinance

Home Appraisal

VA Loans

FHA Loans

Reverse Mortgages

Buying a Home

Home Search

Closing Costs

Helpful Links

Daily mortgage rate trends

Best mortgage lenders

First-time homebuyers programs by state

Loan limits by state

Types of mortgages

APR vs interest rate

Understanding PMI

Related Posts

Fannie Mae Profile

Fannie Mae Profile

Last Updated December 27, 2018 7:38 PM Central   full list | other directories | bank search | SEC...

THE TRUSTED PROVIDER OF ACCURATE RATES AND FINANCIAL INFORMATION