Sponsored by:
Mortgage and Fraud and the Law, Oh My!
Displaying items by tag: Lender
Wednesday, April 27 2011 01:31
Banker Ignored Requirements That Would Have Alerted Others to Massive Mortgage Fraud
Jeffrey L. Levine, 70, Atlanta, Georgia, was sentenced by United States District Judge J. Owen Forrester to serve 5 years in federal prison on charges of causing materially false entries that overvalued bank assets to be made in the books, reports, and statements of Omni National Bank.
Levine was sentenced to 5 years
Friday, January 14 2011 01:44
Undercover Op Nets 24 Charged with Fraud
Frank Santa, 51, Boca Raton, Florida, a loan broker and owner and operator of Palm Beach Business Consultants (PBBC), a loan brokerage business specializing in obtaining fraudulent business loans for clients with poor credit histories; Daniel Agudelo, 34, Royal Palm Beach,
Friday, March 05 2010 01:18
Two Reverse Mortgage Brokers Sued For Deceptive Practices
Hartland Mortgage Centers, Inc., Woodridge, Illinois, and American Advisors Group, Inc., Irvine, California, and its company president, Reza Jahangiri are being sued for using unfair and deceptive marketing practices to solicit seniors for reverse mortgages.
In each of the lawsuits filed, Attorney
Friday, January 29 2010 01:04
FHA Bans Mortgage Lender from Programs
Premium Capital Funding, LLC, Jericho, New York, a lender doing business as TopDot Mortgage, has had its FHA approval withdrawn by the Federal Housing Administration's Mortgagee Review Board (MRB). This action prevents TopDot from participating in FHA programs and seeks a monetary penalty of $674,000.
In
Friday, January 22 2010 01:20
Underwriter Settles Mortgage Fraud Allegations
Robert Corp, Syracuse, New York, a mortgage underwriter, has agreed to pay the United States close to $679,000 to settle allegations that he defrauded the U.S. Department of Housing and Urban Development (HUD). This settlement resolves Corp's liability under the False Claims Act, a federal statute that imposes triple damages and
Monday, December 07 2009 01:03
AG Holds Mortgage Industry Accountable
Weststar Mortgage, Inc. was sued in an ongoing effort to hold the mortgage industry accountable for its part in the foreclosure crisis. The lawsuit charges the Washington D.C.-area company with improperly influencing Ohio appraisals.
According to the complaint filed in the Court of Common Pleas of Belmont County,
Quick Links
Get our newsletter
Archive List
Resources
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.
Read more about Ms. Dollar
Most Read Articles
-
Foreclosure Rescue Company Sued for Violations
Diversified Real Estate Consultants LLC (DREC), an Ohio-based foreclosure rescue…Read more...
-
Police Officer Charged with Mortgage Fraud
Keith McCloud, an officer in the Detroit Police Department, was…Read more...
-
Texas Man Pleads Guilty After Failing to Report Wife's Fraud Scheme
Clyde Parrish Athens, Texas pled guilty to one count of…Read more...
-
$1.7M Provided to Arizona to Fight Mortgage Scams
Attorney General Terry Goddard has been awarded a $1.7 million grant…Read more...
-
Michigan Class Action Lawsuit Alleges Inflated Appraisals
Blaise A. Repasky has filed a civil class action lawsuit…Read more...
Most Commented Articles
-
Texas Man Pleads Guilty After Failing to Report Wife's Fraud Scheme
Clyde Parrish Athens, Texas pled guilty to one count of…Read more...
-
Michigan Class Action Lawsuit Alleges Inflated Appraisals
Blaise A. Repasky has filed a civil class action lawsuit…Read more...
-
Pennsylvania Mortgage Broker Charged with Real Estate Closing Fraud
Jay Berger, 54, mortgage broker, settlement agent and title agent,…Read more...
-
EMC Mortgage Corporation v. D&M Financial Corp., et al.
EMC Mortgage Corporation filed a civil lawsuit in the United…Read more...
-
Action Taken Against Crooked Lawyers for Various Scams
The State Bar of California has taken action against 5 more lawyers under…Read more...