“If mortgage fraud were an automobile race, the 2006 figures show Florida, California and Michigan as leading the race.” Read the rest of this entry »
- Mortgage Asset Research Institute
Authorities arrested nine individuals Tuesday in connection with an alleged Texas mortgage fraud scheme involving home loans made to unqualified mobile-home buyers.
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Mortgage fraud cases rose significantly last year in California, which ranked No. 2 in the nation among other states for fraud incidents, a study revealed Wednesday.
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Another Michigan home loan scam has been uncovered.
A former California mortgage company executive was ordered to pay an enormous fine - $6.7 million - to home loan lenders and the elderly, minority and bad credit clients he defrauded.
Georgia no longer leads the nation in cases of reported mortgage fraud. Read the rest of this entry »
After testifying last week in a hearing before the U.S. House Committee on Financial Services, Fannie Mae Chief Executive Daniel H. Mudd has released a statement establishing a new company initiative nicknamed “HomeStay.”
Its goal? To assist bad credit home loan borrowers … Read the rest of this entry »
They offer struggling homeowners kind words and, most of all, help. The calls come quick, sometimes an hour after foreclosure proceedings are filed. Fliers and letters promising assistance fill mailboxes.
A pastor, an attorney and a nurse were among those who lost their homes to a “foreclosure rescue scam” that targeted distressed homeowners, the Boston Herald reported yesterday.
The Indiana Secretary of State’s office is leveling allegations against a Terre Haute mortgage company, a Sullivan title company and several individuals.