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U.S. Sen. Harry Reid joined federal and state officials at an event in Las Vegas highlighting law enforcement efforts to identify and prosecute mortgage fraud in Nevada.
State and federal prosecutors have charged seven people in an alleged securities scam that cheated dozens of people out of $17 million.
A Long Island woman convicted of acting as a "straw buyer" in a mortgage fraud scam has been ordered to give lectures on the perils of participating in such criminal schemes.
Federal prosecutors say a woman has been sentenced to more than 12 years in prison for her role in a mortgage fraud scheme.
A federal prosecutor says the former owner of a Nevada property firm faces conspiracy and fraud charges in a mortgage fraud scheme involving so-called "straw buyers" and false loan documents.
An Oxon Hill man has been sentenced to more than three years in prison for a mortgage fraud tied to 25 properties in Maryland, D.C. and Virginia worth millions of dollars.
A mortgage fraud crackdown announced Thursday resulted in the arrests of dozens of people, including six lawyers, seven loan officers and three mortgage brokers in four states.
Former Dallas Cowboys linebacker Eugene Lockhart was arrested Thursday after he was indicted with eight others in an alleged mortgage fraud scheme that swindled more than $20 million from several home lenders, federal officials said.
Ten state attorneys general and four federal agencies are forming a task force to combat mortgage fraud.
In the first paragraph of an Aug. 10 story about a mortgage fraud trial, The Associated Press reported that real estate agent Joseph Babajian was acquitted in the scheme, while two others were found guilty. The paragraph should have noted that Babajian was acquitted only of several charges.
A high-profile Beverly Hills real estate agent has been acquitted of participating in a massive mortgage fraud scheme that caused federally insured banks to lose more than $40 million.
Federal prosecutors say 41 people have been charged in the latest round of South Florida mortgage fraud schemes.
Twenty-five people, including lawyers, bankers, mortgage brokers and appraisers, and a mortgage company have been charged with committing mortgage frauds involving at least $102 million, New York City prosecutors said Wednesday.
Five people face charges in what prosecutors say was a mortgage scheme that defrauded more than 1,000 people of more than $70 million.
The Senate voted Tuesday to hire hundreds more FBI agents and prosecutors to investigate the estimated 5,000 allegations of mortgage fraud reported each month.
Five people, including a former county legislator and a woman said to be a dominatrix, are facing charges they participated in a $50 million mortgage fraud scheme involving several dozen Hamptons properties over the past seven years.
A well-known Bollywood promoter and film producer from northern Virginia was sentenced to seven years in prison Friday for one of the largest bank fraud scams in the state's history.
Reported incidents of mortgage fraud grew by 45 percent in the second quarter compared to the year-ago period, as borrowers misstated their financial information to maneuver around tighter lending standards, industry data released Tuesday showed.
Reported incidents of mortgage fraud jumped 42 percent nationwide, with Florida reporting the highest number of cases, according to industry data released Monday.
More than 400 real estate industry players have been indicted since March — including dozens over the last two days — in a Justice Department crackdown on incidents of mortgage fraud nationwide that stem from the country's housing crisis.
FBI Director Robert Mueller on Wednesday described a "tremendous surge" in mortgage fraud investigations that he said has diverted agents from other cases and is expected to keep growing.
Judge erases Long Island couple's $525,000 debt - 11/26/09 - New York News and Tri-State News - 7online.comWonderful news and a welcome slap at the parasitic mortgage industry. Judge Jeffrey Spinner for President, 2016!
Aside from all the focus on property owners, there is a serious need to investigate the WHITE COLLAR FRAUDS associated with SHAM FORECLOSURES.
Man says his mortgage fraud helped ruin U.S. economyEarlier this year, Christopher Jared Warren posted an online confessional.
Lenny Dykstra Files For Bankruptcy "Former Philadelphia Phillies and New York Mets outfielder Lenny Dykstra filed for bankruptcy in California Tuesday.
Manhattan D.A. Charges 13 in $100 Million Fraud By Thom Weidlich July 8 (Bloomberg) -- Manhattan District Attorney Robert Morgenthau charged a mortgage company and 13 individuals with defrauding Bank of America Corp., Wells Fargo & Co. and other banks of $100 million through fraudulent property sales.
Road to Ruin: Mortgage fraud scandal brewingCriminal fraud may be the most underreported aspect of our current financial crisis
Center for Public Integrity names 25 lenders responsible for economic meltdownThe Center for Public Integrity named 25 "subprime" mortgage companies whose risky lending was blamed for the US property market collapse and the subsequent global economic crisis.
TIME Magazine Prize-Winning Photos: The Housing CrisisTIME Magazine Prize-Winning Photos: The Housing Crisis
New website to fight mortgage fraud | WFTS-TVFlorida's Attorney General launched a new site to keep homeowners informed about the latest mortgage-related scams.
Government Crack Down on Mortgage Modification Scams: DO NOT PAY UPFRONT FEESTop federal and state officials on Monday announced a broad crackdown on mortgage modification scams, accusing "criminal actors" of preying on desperate borrowers caught up in the nation's housing crisis.
Why Hasn't Obama Targeted The Ongoing White Collar Crime Wave? This time it's the Millennium Bank in the Eastern Caribbean accused of a mere $65 million dollar rip off. (Ponzi king Bernard Madoff allegedly took in $65 billion.) Regulators say there is a "ponzimonium" underway with scores of newly opened investigations.
DA: Ex-pol and dominatrix ran mortgage fraud schemeA former Suffolk legislator, a Manhattan dominatrix and several other people were charged yesterday in what Suffolk prosecutors said was a $50-million web of mortgage fraud that began in a Manhattan fetish club and ended with scores of pricey Southampton homes ownerless and in …
FBI turns to fraud after focus on terrorWith the economic crisis unrelenting, the United States is stepping up its fight against white collar crime, which has been trumped by the fight on terror.
FBI saw mortgage fraud earlyThe FBI was aware for years of "pervasive and growing" fraud in the mortgage industry that eventually contributed to America's financial meltdown, but did not take definitive action to stop it.
How the Banks Were Fleeced -- A Primer to Mortgage FraudFirst lie about your income and also say that you intend to live in the said house. Then, -- The garden variety scheme works like the following:
Details of this conspiracy to obfuscate their true mission are most certainly findable in ACORN's twelve Affiliates.
Court Ruling Could Spell Trouble for Mortgage IndustryA lawsuit filed by a Wisconsin couple against their mortgage lender could have major implications for banks should a U.S. appeals court agree that borrowers can cancel their loans en masse when their lenders violate a federal lending disclosure law.
More Than 400 Held in FBI Mortgage SweepThe FBI says it has arrested more than 400 people in the last three months on charges related to mortgage fraud. That same day, the bureau announced the arrest of hundreds of people who allegedly perpetrated mortgage scams nationwide.
FBI Mortgage Fraud Crackdown FBI Mortgage Fraud Crackdown Over 400 real estate industry players have been indicted since March - including dozens over the last two days - in a crackdown on incidents of mortgage fraud nationwide.
Houses stolen in mortgage fraud, indictments allegeFederal prosecutors Monday charged 19 individuals, mainly from Southern California, with defrauding homeowners in trouble partly by using "foreclosure rescue pitches" and an equity-draining technique called equity stripping.
Skeleton found in house that was the focus of mortgage fraudThe new buyers of a rundown graystone on the South Side showed up Jan. 9 to look at the house they won at a foreclosure auction. They took the plywood off the front door and went inside to make sure the utilities had been shut off. Then they called the police.
Barack Obama's website has a pretty good summary of this plan already. So, I've just copied and pasted it here for you to easily review. I have, as always, included a link to the full plan at the end of the article. The Following Is A Direct Copy/Paste From Obama's Website:
Reverse Mortgages & The Mortgage MeltdownFor reverse mortgage borrowers, the current problems in the financial markets are difficult to ignore. Those above age 62 tend to have more assets than younger folks so anything which causes stock prices to drop is typically unwelcome.
Is Identity Theft To Blame For Rising Mortgage Delinquencies?Links between Identity Theft, rising rates, other factors and rising mortgage delinquincies are examined.
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