Mortgage Fraud Blog - Items filtered by date: January 2012

Las Vegas Loses Standing as Mortgage-Fraud Capital - Las Vegas Review

Las Vegas loses standing as mortgage-fraud capital Las Vegas Review - Journal By Hubble Smith Las Vegas, once identified as "ground zero" for mortgage fraud, is no longer among the nation's top five...

Wednesday, February 29 2012 03:34

Men Plead Guilty in $2.5 Million Mortgage Fraud

From 2005 until 2007, Anthony Waldron and Robert Strong filed a string of falsified mortgage applications containing inflated income figures to secure home loans. To sell the fraud, Waldron and Strong also...

Wednesday, February 29 2012 08:49

Man Arrested For Fraudulently Renting Out Foreclosed Homes

Alfonso J. Salazar, 62, was arrested on February 24, 2012, for fraudulently renting out numerous empty foreclosed (and/or unoccupied) homes in Contra Costa County, California.

Wednesday, February 29 2012 08:43

Foreclosure Rescuer Admits Defrauding Homeowners

Ray D. Gata, 56, Chesapeake, Virginia, pleaded guilty in Norfolk, Virginia, federal court to conspiracy to commit wire fraud in connection with a fraudulent foreclosure rescue scheme.

Wednesday, February 29 2012 08:36

3 Sentenced for Scam Involving Inflated Purchase Prices

Oscar Bravo, 58, Port St. Lucie, Florida, Jorge Bravo, 57, Miami, Florida, and Sean Dickens, 44, West Melbourne, Florida, were sentenced on February 27, 2012, in U.S. District Court by Judge K. Michael Moore for their roles in a $9 million mortgage fraud scheme.

Wednesday, February 29 2012 08:15

Lender Settles Suit Alleging FHA Insurance Violations

Flagstar Bank, F.S.B. ("Flagstar"),one of the nation's largest savings banks and originators of mortgage loans, was the subject of a civil lawsuit, which it simultaneously settled. The lawsuit included allegations that Flagstar improperly approved residential home mortgage loans for government insurance.

Tuesday, February 28 2012 07:01

Mortgage Fraud Risk High in Bakersfield

(Source: Courtenay Edelhart The Bakersfield Californian (MCT) The Bakersfield area has the fourth-highest mortgage fraud risk of any real estate market in the nation, according to an Agoura Hills...

Tuesday, February 28 2012 07:01

Leader of Mortgage Fraud Scheme Sentenced

27east.com Donald MacPherson, 68, Manhattan, pleaded guilty in November to 34 counts of grand larceny and numerous other felonies for bilking lenders out of more than $44 million in a massive mortgage fraud...

Wednesday, February 29 2012 00:16

Title Company Owner Sentenced for Altering Title Reports

Jerry Eugene Parker, 61, Hoover, Alabama, the owner of a property title company, was sentenced by a federal judge to 12 months and a day in prison for mail fraud in connection to a mortgage fraud scheme in which property ownership records were falsified in order to obtain mortgage loans.

Tuesday, February 28 2012 12:52

5 Charged for Mortgage Fraud Involving Double HUD-1s

Jacinto Puentes, 53, Elinor Puentes, 52, Theodore Tarone, 43, Raul Salabarria, 55, and Rogelio Ramirez, 42, have been charged with one count of conspiracy to commit mail fraud in connection with a multi-million dollar mortgage fraud scheme.

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Rachel Dollar, the editor of Mortgage Fraud Blog is an attorney and Certified Mortgage Banker who handles litigation for lending institutions and secondary market investors.
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