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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.

Chico Home Builder Admits to Mortgage Fraud Scheme

admin — Sun, 23 May 2010 21:25:00 +0000

Chico Home Builder Admits to Mortgage Fraud Scheme
The largest home builder in the Chico area agrees to plead “guilty” in a builder bailout mortgage fraud scheme. The investigation has been ongoing for about three years.

Ringleader of Va. mortgage fraud gets 5 years

admin — Sat, 08 May 2010 21:31:33 +0000

Ringleader of Va. mortgage fraud gets 5 years
Rojas, 30, a real estate agent from Vienna, Va., was sentenced to five years in prison Friday in U.S. District Court for his role as the ringleader in a massive mortgage fraud scheme.

Canadian MP accused in massive mortgage fraud

admin — Fri, 07 May 2010 21:26:10 +0000

Canadian MP accused in massive mortgage fraud
A Conservative lawmaker accused in what the Bank of Montreal calls one of Canada’s biggest mortgage frauds denied any wrongdoing Thursday.

Goldman Sachs FRAUD Charges Filed By SEC Over Subprime Mortgage Securities

admin — Sun, 18 Apr 2010 21:26:08 +0000

Goldman Sachs FRAUD Charges Filed By SEC Over Subprime Mortgage Securities
What’s Your Reaction? The Securities and Exchange Commission has charged Goldman Sachs with civil fraud over its controversial collaterized debt obligations tied to the subprime mortgage market.

Goldman accused of fraud linked to mortgage crisis

admin — Sat, 17 Apr 2010 21:27:31 +0000

Goldman accused of fraud linked to mortgage crisis
A US watchdog on Friday charged top investment firm Goldman Sachs with fraud over the sale of a complex mortgage product like those blamed for the financial meltdown.

SEC accuses Goldman Sachs of fraud in subprime mortgage meltdown

admin — Fri, 16 Apr 2010 21:48:21 +0000

SEC accuses Goldman Sachs of fraud in subprime mortgage meltdown
The civil charges relate to Goldman Sach’s creation of collateralized debt obligations — a exotic mortgage-backed security — before the financial crisis. Goldman denies any wrongdoing. Wall Street’s preeminent investment bank, Goldman Sachs, was charged Friday by the government with fraud in marketing exotic mortgage-backed securities before the financial crisis.