mortgage fraud

Mortgage fraud is a crime punishable by law where potential buyers of houses attempt to deceive lenders by providing incorrect information or blatantly omitting details which would cause banks to not lend them money. Mortgage fraud is a crime which has risen in numbers and notoriety in the first decade of the 21st Century, especially during the United States' financial crisis of 2008.

There are many types of mortgage fraud including: Occupancy fraud, Income fraud, Employment fraud, Failure to disclose liabilities, Fraud for profit, Appraisal fraud, Cash-Back Schemes, Shotgunning, and Identity Theft. These crimes could yield a person a fixed amount of jail time and fines, with some prison sentences approaching a 30-year maximum.

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Latest blogosphere posts tagged “mortgage fraud”

• Fraudline:  Is Mortgage Fraud Addictive?

  
  Mortgage Fraud Blog — Authority: 135
  Stories referenced in this weeks edition of Fraudline: Kawana Melvin Faces Off with the Georgia Department of Banking and Finance (she doesnt win ...) Either Does Edward William Farley ....
  15 hours ago

• Mortgage and Real Estate Fraud - Mortgage Fraud News - California …

  
  Mortgage online — Authority: 158
  The Mortgage Fraud Reporter brings readers the latest news on mortgage and real estate fraud.
  22 hours ago

• Mortgage Fraud: Save The Homeowner Save The World Hd …

  
  Mortgage online — Authority: 158
  The best stimulus plan to save the US and global economy requires that the American people learn the truth.
  23 hours ago

• Foreclosures crisis caused by investors. And lenders. And politicians. And buyers.

  
  LoanWorkout.org — Authority: 441
  But a St. Petersburg Times analysis of thousands of foreclosures in Hillsborough County, which has one of the highest default rates in Florida, shows individual homeowners are getting too much of the blame.The truth is that real estate speculators and revenue-hungry local governments bear just as much of the ...
  1 day ago

• President of First Fidelity Mortgage, Inc. Pleads Guilty to Bank Fraud

  
  Mortgage Fraud Blog — Authority: 135
  William Everett Nichols , 56, Alexandria, Louisiana, President and sole shareholder of First Fidelity Mortgage, Inc. , pleaded guilty to defrauding Sabine State Bank in Many, Louisiana out of $2.9 million. According to court testimony, Sabine State Bank provided a line of credit to First Fidelity ...
  1 day ago

• Florida Mortgage Fraud Task Force Makes More Arrests

  
  Mortgage Fraud Blog — Authority: 135
  A two week arrest operation of individuals involved in several mortgage fraud schemes concluded with the capture of the following individuals: Kleimer Cruz , 28, Nancy L. Ortega , 38, Pedro Orestes Garcia , 45, Katherine Q. Mojica , 30, Jesus M. Montero , 31, Heriberto E. Jimenez , 49, Kelia ...
  1 day ago

• Mortgage Fraud Leads to Hard Time and Big $ Judgment

  
  Mortgage Fraud Blog — Authority: 135
  Juan Carlos Gonzalez , 51, Jacksonville, Florida has been sentenced to seven years in federal prison for conspiring to commit wire and bank fraud. The court also entered a money judgment against Gonzalez for $6,296,303.65, the amount that Gonzalez obtained from the fraud. As previously reproted on ...
  1 day ago

• Mortgage Fraud Surge Investigation Nets More Than 100 Individuals Throughout Middle District of Florida

  
  Real Estate Investors Daily — Authority: 127
  Department of Justice Press Release TAMPA—United States Attorney A. Brian Albritton today announced the results of a nine-month-long Mortgage Fraud Surge investigation that has resulted in charges against more than 100 defendants and involves allegations concerning more than $400 million in loans procured by fraud ...
  1 day ago

• Mortgage Fraud Surge Investigation Nets More Than 100 Individuals Throughout Middle District of Florida

  
  Real Estate Consumer News — Authority: 127
  Department of Justice Press Release TAMPA—United States Attorney A. Brian Albritton today announced the results of a nine-month-long Mortgage Fraud Surge investigation that has resulted in charges against more than 100 defendants and involves allegations concerning more than $400 million in loans procured by fraud ...
  1 day ago

• 105 indicted for Florida mortgage fraud : CU*Secure

  
  Mortgage online — Authority: 158
  Roughly 105 individuals have been charged with fraudulently procuring more than $400 million in loans on more than 700 properties in Florida as a result of a nine-month Mortgage Fraud Surge investigation, announced the U.S. Attorneys ...
  3 days ago

• Criminal Action by Georgia Dept of Banking Results in Guilty Plea

  
  Mortgage Fraud Blog — Authority: 135
  Kawana Latrell Melvin entered a first offender plea on October 19, 2009, in the Superior Court of Clayton County to felony charges that she unlawfully transacted mortgage business without a license, registration or under an applicable exemption; and made a false statement with respect to her eligibility to work in ...
  4 days ago

• Guilty Plea In Real Estate Ponzi Scheme

  
  Mortgage Fraud Blog — Authority: 135
  Edward William Farley , 47, Hoschton, Georgia, has pleaded guilty in federal district court to committing mortgage fraud, bankruptcy fraud, operating a real estate investment "Ponzi" scam involving over 150 victims, and a check-kiting scheme. Farley was charged in a criminal Information on October 15, 2009 ...
  4 days ago

• Feds Warn Florida Of Mortgage Fraud Crackdown

  
  Home Buying and Home Selling Tips — Authority: 146
  A big crackdown on mortgage fraud across Florida is bringing federal agents to Orlando Wednesday. Over 100 arrests have already been made, with the targets in Florida stretching from Jacksonville to Fort Myers. Investigators at the U.S. attorney general’s Orlando office are expected to send a warning to Central ...
  4 days ago

• Mortgage Fraud Results in Charges for West Michigan Woman …

  
  Mortgage online — Authority: 158
  LANSING, MI - November 5, 2009 - (RealEstateRama) — Attorney General Mike Cox today announced that his office has filed charges against a Wyoming, MI woman accused of defrauding the Michigan State Housing Development Authority (MSHDA) ...
  4 days ago

• Maryland Woman Pleads Guilty to Mortgage Fraud Scheme in D.C. and Maryland

  
  Mortgage Fraud Blog — Authority: 135
  Rasheeda M. Canty , 35, Upper Marlboro, Maryland, a former mortgage broker, pled guilty in September 2009 to engaging in an extensive mortgage fraud scheme involving properties in the District of Columbia and Maryland . During the plea hearing, Canty admitted that the intended loss to victims of the ...
  5 days ago

• Texas Fraudster Admits to Falsifying Documents

  
  Mortgage Fraud Blog — Authority: 135
  Tahmeane Elrod , 47, Tyler, Texas, has pleaded guilty to mortgage related fraud in the Eastern District of Texas.  A federal grand jury returned an indictment on May 6, 2009, charging Elrod with conspiracy to commit wire fraud.  According to information presented in court, in September 2007, Elrod ...
  5 days ago

• Mortgage Fraud Results in Charges for West Michigan Woman

  
  Mortgage Fraud Blog — Authority: 135
  Maria Antonia Franks Hernandez , Wyoming, Michigan, has been accused of defrauding the Michigan State Housing Development Authority (MSHDA) by fraudulently obtaining a mortgage, defaulting on that mortgage and leaving taxpayers to pick up the tab. Franks Hernandez is accused of stealing her sisters identity ...
  5 days ago

• Mortgage Fraud Surge Investigation Nets 100+

  
  Mortgage Fraud Blog — Authority: 135
  A nine-month-long Mortgage Fraud Surge investigation in Florida has resulted in charges against more than 100 defendants and involves allegations concerning more than $400 million in loans procured by fraud and more than 700 properties. United States Attorney A. Brian Albritton is holding events throughout the ...
  5 days ago

• Mortgage and Real Estate Fraud - Mortgage Fraud News - Missouri …

  
  REFINANCE-BLOG.INFO — Authority: 157
  The Mortgage Fraud Reporter brings readers a ultimate headlines upon debt as well as genuine estate fraud.
  5 days ago

• Over 100 Busted In $400M Florida Mortgage Fraud

  
  North Country Gazette — Authority: 592
  TAMPA, FLA—A nine-month Mortgage Fraud Surge investigation has resulted in charges against more than 100 defendants and involves allegations concerning more than $400 million in loans procured by fraud and more than 700 properties.There are currently mortgage fraud-related charges pending against approximately 500 ...
  5 days ago

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