Archives For Lender

Terrence Ezekiel Paulin, 47, Ashland, Kentucky, has been sentenced in connection with his guilty plea to investment fraud.

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Linda Ann Kennedy, 49, currently of Tennessee, the former president of 21st Century Financial Resources, Inc., also known as 21st Century Mortgage, doing business in Paso Robles, California, has been charged with fraud.

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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

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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,

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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

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Premium Capital Funding, LLC, Jericho, New York, a lender doing business as TopDot Mortgage, has had its FHA approval withdrawn by the Federal Housing Administration’s Mortgagee Review Board (MRB).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

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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

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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, Continue Reading...