Blog Profile / Mortgage Fraud Blog


URL :http://www.mortgagefraudblog.com/
Filed Under:Real Estate / Real Estate Industry News
Posts on Regator:1958
Posts / Week:3.9
Archived Since:March 20, 2008

Blog Post Archive

CoreLogic Reports Increase in Fraud during 2016

Mortgage Fraud Blog. CoreLogic reported that the National Mortgage Application Fraud Risk Index increased to 122 in the fourth quarter of 2016.  The trend shows increasing risk for the year overall from an index value of 115 in the Fourth Quarter of 2015. Show More Summary

Another Debt Elimination Scheme Bites the Dust

Mortgage Fraud Blog. Urmila Sri Thakur, also known as Urmila Buddhu-Thakur and Indro Buddhu-Thakur, 72, Wethersfield, Connecticut was charged in a nine-count grand jury indictment with conspiracy, mail fraud and money laundering offenses related to a fraudulent debt elimination scheme. Show More Summary

Real Estate Investment Fraud Scheme Sentencing

Mortgage Fraud Blog. Homayoon Daneshvar, 63, Washington, D.C., was sentenced to 18 months in prison.  The charges related to a $1.9 million real estate investment fraud scheme. Danshevar was also ordered to serve three years of supervised release, forfeit $1.945 million, and pay $926,020 in restitution. Show More Summary

EXCLUSIVE – Criminal Complaint Concerning Fraudulent Emails Diverting Escrow Deposits

Mortgage Fraud Blog. Cristina Montijo was the subject of a complaint and arrest warrant issued in the Southern District of New York on charges of conspiracy to commit wire fraud and bank fraud, wire fraud and bank fraud.  She was arrested in the Southern District of California. Show More Summary

EXCLUSIVE – North Carolina Attorney and Mortgage Broker Indicted

Mortgage Fraud Blog. Michael Allan Johnson, Jr. attorney, Lexington, North Carolina, and Jennifer Willard Turnmire, mortgage loan broker, Thomasville, North Carolina, also known as Jennifer Willard, were indicted by a grand jury in the U.S. Show More Summary

Two Florida Real Estate Agents Plead Guilty

Mortgage Fraud Blog. David Cevallos, real estate agent, 46, Miami, Florida, and Osbel Sanchez, real estate agent, 45, Tampa, Florida, pleaded guilty to conspiracy to commit wire fraud affecting a financial institution. Each faces a maximum penalty of 30 years in federal prison. Show More Summary

“Zero Down” Scheme Lands Bank President in Jail

Mortgage Fraud Blog. Paul Harold Doughty, 67, Edmond, Oklahoma, the former president and chairman of First State Bank of Altus (“FSB”), was sentenced to 48 months in federal prison after a jury convicted him in July of 2016 of bank fraud,...Show More Summary

2017 GREFPAC Annual Conference

Mortgage Fraud Blog. I will be the keynote speaker at the 2017 GREFPAC Annual Conference in Atlanta, Georgia on March 7, 2017.  I will be speaking from 11 a.m. to Noon. Also speaking that day will be Scott Kelly, GREFPAC’s 2017 President;...Show More Summary

17 Indicted in Florida Condo Fraud

Mortgage Fraud Blog. Miguel Soto, Jr., 46, Miami, Florida; Hector Raul Santana, 38, Miami Lakes, Florida; Miguel Faraldo, 52, Miami, Florida; Barbara E. Zas, 46, Miami, Florida; Maria Rosa Diaz, 45, Miami Springs, Florida; Heberto Elias...Show More Summary

FHA Rent-to-Own Scheme Garners Sentence

Mortgage Fraud Blog. Darlene Henderson, 60, Leesville, South Carolina, pled guilty and was sentenced in federal court in South Carolina, for Wire Fraud in connection with a mortgage fraud scheme. United States District Judge Joseph F. Show More Summary

EXCLUSIVE – PC Bank Home Loan Officers Indicted for Mortgage Fraud

Mortgage Fraud Blog. Sam Tuttle, a vice-president and loan officer at PC Bank Home Loans, Ben Leske, a loan officer at PC Bank Home Loans, Angela Crozier, a senior loan processor at PC Bank Home Loans, and Ed Rounds, a loan officer at PC Bank Home Loans, were indicted by a grand jury in the U.S. Show More Summary

Four Year Sentence in $3.7 Million Mortgage Fraud Scheme

Mortgage Fraud Blog. Albert William Roberts III, 68, Lee’s Summit, Missouri, was sentenced to four years in federal prison without parole in connection with his role in a $3.7 million mortgage fraud scheme. U.S. District Judge Brian C. Show More Summary

EXCLUSIVE – North Carolina Attorney and Mortgage Broker Indicted

Michael Allan Johnson, Jr. attorney, Lexington, North Carolina, and Jennifer Willard Turnmire, mortgage loan broker, Thomasville, North Carolina, also known as Jennifer Willard, were indicted by a grand jury in the U.S. District Court for the Middle District of North Carolina. Show More Summary

Two Florida Real Estate Agents Plead Guilty

David Cevallos, real estate agent, 46, Miami, Florida, and Osbel Sanchez, real estate agent, 45, Tampa, Florida, pleaded guilty to conspiracy to commit wire fraud affecting a financial institution. Each faces a maximum penalty of 30 years in federal prison. Sanchez’s sentencing hearing has been set for April 24, 2017, and Cevallos’s sentencing hearing has been set […]

“Zero Down” Scheme Lands Bank President in Jail

Paul Harold Doughty, 67, Edmond, Oklahoma, the former president and chairman of First State Bank of Altus (“FSB”), was sentenced to 48 months in federal prison after a jury convicted him in July of 2016 of bank fraud, conspiracy to commit bank fraud, misapplication of bank funds, making a false bank entry, and unauthorized issuance of a […]

2017 GREFPAC Annual Conference

I will be the keynote speaker at the 2017 GREFPAC Annual Conference in Atlanta, Georgia on March 7, 2017.  I will be speaking from 11 a.m. to Noon. Also speaking that day will be Scott Kelly, GREFPAC’s 2017 President; Kevin Ludden, Fraud and Industry Relations Manager for Fannie Mae; Robb Hagber, Freddie Mac, Director – […]

17 Indicted in Florida Condo Fraud

Miguel Soto, Jr., 46, Miami, Florida; Hector Raul Santana, 38, Miami Lakes, Florida; Miguel Faraldo, 52, Miami, Florida; Barbara E. Zas, 46, Miami, Florida; Maria Rosa Diaz, 45, Miami Springs, Florida; Heberto Elias Gamboa, 31, Miami,...Show More Summary

FHA Rent-to-Own Scheme Garners Sentence

Darlene Henderson, 60, Leesville, South Carolina, pled guilty and was sentenced in federal court in South Carolina, for Wire Fraud in connection with a mortgage fraud scheme. United States District Judge Joseph F. Anderson, Jr., of Columbia sentenced Henderson to eight months of home confinement, to be followed by five years of probation. Henderson also was ordered […]

EXCLUSIVE – PC Bank Home Loan Officers Indicted for Mortgage Fraud

Sam Tuttle, a vice-president and loan officer at PC Bank Home Loans, Ben Leske, a loan officer at PC Bank Home Loans, Angela Crozier, a senior loan processor at PC Bank Home Loans, and Ed Rounds, a loan officer at PC Bank Home Loans, were indicted by a grand jury in the U.S. District Court for the […]

Four Year Sentence in $3.7 Million Mortgage Fraud Scheme

Albert William Roberts III, 68, Lee’s Summit, Missouri, was sentenced to four years in federal prison without parole in connection with his role in a $3.7 million mortgage fraud scheme. U.S. District Judge Brian C. Wimes also ordered Roberts to pay $1,992,221 in restitution. On May 13, 2016, Roberts was found guilty at trial of […]

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