Brooklyn developer Eliyahu Ezagui was indited Wednesday in a mortgage scam where he allegedly took more than $18 million from condo buyers and banks.
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Bill McCollum’s, the Florida Attorney General, office is suing four South Florida loan modification companies for allegedly charging homeowners upfront fees to provide foreclosure prevention services.
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Bill McCollum, the Florida Attorney General, filed suit yesterday against Lincoln Lending Services LLC, a loan modification and foreclosure-rescue business, and its owner, Rita Gomez.
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Christopher Brooks, a loan officer in Seattle, was sentenced on Friday to 7 years for obtaining $27 million in fraudulent mortgages.
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Magile Cruz was sentenced in federal today for her roll in a multimillion-dollar mortgage fraud scheme.
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As seven more have been arrested for mortgage fraud new legislation is being proposed to increase criminal penalties for people convicted of mortgage fraud.
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Jeffrey Allen Herald, 49 of Phoenix Arizona, was indited on October 19th on two counts of fraud and artifices and one count of theft for providing unlicensed legal and mortgage services.
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A New York city mortgage broker is under the microscope by investigators for a scheme to defraud mortgage applications. Jacob Milton, a manager at Griffin Mortgage Co., pleaded not guilty to charges of grand larceny, identity theft, and falsifying business records.
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Federal Reserve Chairman Ben Bernanke informed congress today that the credit crisis has caused “significant market stress”. He offered new assurance that regulators would take steps to curb fallout related to the mortgage mess.
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With the housing market in decline, predators are finding yet another way to take advantage of people who fall behind on mortgage payments.
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