Need To Sell House Fast » fraud

Calif. creates task force to probe mortgage fraud

admin — Mon, 23 May 2011 21:24:30 +0000

Calif. creates task force to probe mortgage fraud
ALEX VEIGA AP Real Estate Writer LOS ANGELES California’s attorney general has formed a new task force to investigate mortgage fraud in the wake of practices that crushed the state’s housing industry and led to a wave of foreclosures. The task force will be made up of 17 lawyers and eight state Department of Justice special agents who will pursue criminal and civil judgments on a broad spectrum …

Mortgage fraud term is 19 years

admin — Mon, 09 May 2011 21:32:06 +0000

Mortgage fraud term is 19 years
Former mortgage broker Michael Pahutski was sentenced in federal court Friday to 19 years in prison – one of the longest sentences ever in the Charlotte area for crimes related to mortgage fraud.

Trio charged in $6.7M mortgage fraud

admin — Tue, 12 Apr 2011 21:34:35 +0000

Trio charged in $6.7M mortgage fraud
Three men are facing a slew of charges after a six-year investigation into a mortgage fraud totalling $6.7 million, the Edmonton RCMP Commercial Crime Section said on Monday.

12 Arizonans charged in mortgage fraud schemes

admin — Thu, 10 Mar 2011 21:48:32 +0000

12 Arizonans charged in mortgage fraud schemes
Federal prosecutors announced two indictments Wednesday targeting people who illegally profited from Arizona’s mid-2000s housing boom by devising cash-back mortgage fraud schemes, including a couple who runs a Tempe-based international Christian ministry.

Mortgage Fraud Whitewash: $20 Billion “Get Out of Jail Free” Settlement Floated

admin — Fri, 25 Feb 2011 21:54:35 +0000

Mortgage Fraud Whitewash: $20 Billion “Get Out of Jail Free” Settlement Floated
American leadership is reliable in one respect: it consistently undershoots my already low expectations. Or maybe I have it backwards because I keep forgetting who the authorities are really serving, and it clearly isn’t you and me. As we will discuss below, the latest scam is that the banking regulators are finalizing a mortgage “breakdown” settlement, and they’ve evidently decided to let the …

The Ultimate Mortgage Fraud Anecdote

admin — Wed, 24 Nov 2010 21:29:07 +0000

The Ultimate Mortgage Fraud Anecdote
The Miami Herald has found the perfect anecdote for the foreclosure scandal, the mortgage crisis, and how both are two sides of the same coin. It’s a stunning story about how a woman refinanced her home to get $50,000, wound up getting defrauded at every turn, and is set to lose it to the bank.

Mortgage broker pleads guilty in fraud scheme

admin — Fri, 01 Oct 2010 21:37:52 +0000

Mortgage broker pleads guilty in fraud scheme
He was part of a plan that allowed mortgages to go into default.

CoreLogic Releases 2010 Mortgage Fraud Trends Report

admin — Fri, 16 Jul 2010 22:28:37 +0000

CoreLogic Releases 2010 Mortgage Fraud Trends Report
CoreLogic , a leading provider of consumer, financial and property information and business services, today announced the release of its 2010 Mortgage Fraud Trends Report, a detailed analysis of US mortgage fraud rates and trends.

Read more on PR Newswire via Yahoo! Finance

S.E.C. Accuses Firm of Fraud in Mortgage Deals

admin — Tue, 22 Jun 2010 21:26:00 +0000

S.E.C. Accuses Firm of Fraud in Mortgage Deals
The case involves a new type of target for the S.E.C. in its pursuit of wrongdoing in the mortgage market.

Richmond man gets 5 yrs for mortgage fraud

admin — Tue, 25 May 2010 21:24:24 +0000

Richmond man gets 5 yrs for mortgage fraud
RICHMOND, VA. — A Richmond man has been sentenced to five years in prison for a mortgage fraud scheme. U.S. District Judge James R. Spencer on Monday also ordered 55-year-old Robert S. Capehart to pay nearly $2 million in restitution. Capehart pleaded guilty to one count of mail fraud in February.