Unlicensed finance company president found guilty of operating mortgage fraud scheme
The president of a mortgage foreclosure consultant company was convicted of 100 felony counts for operating a mortgage fraud scheme in California.
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Tag: mortgage fraud
DRE Hot Seat: Prison time for a broker who committed heinous mortgage fraud
This article is part of an ongoing series covering violations of real estate law. Here, the California Department of Justice (DOJ) sentenced a broker to 5 years and 4 months in prison and ordered him to pay restitution for creating forged and fraudulent records to obtain more than $8 million in mortgages for his clients in order to earn fees for himself.
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Mortgage fraud is climbing in the wake of the pandemic
When the real estate market goes low, mortgage fraud goes high!
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Mortgage Concepts: Common mortgage fraud schemes, Part 1
This video discusses common mortgage relief scams mortgage loan originators are likely to encounter in their business.
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Mortgage Concepts: Common mortgage fraud schemes, Part 3
This video finishes our discussion regarding common mortgage fraud schemes mortgage loan originators are likely to encounter in their business.
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Mortgage Concepts: Common mortgage fraud schemes, Part 2
This video continues discussing common mortgage fraud schemes mortgage loan originators are likely to encounter in their business
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Mortgage Concepts: Common mortgage fraud schemes, Part 1
This video discusses common mortgage fraud schemes mortgage loan originators are likely to encounter in their business.
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California’s mortgage fraud risk rises in 2021
The share of mortgage applications with indications of fraud was up 39% from a year earlier in California.
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Does a trust deed holder owe a duty to a title insurance company who relies on a forged trustee’s deed?
WFG National Title Insurance Company v. Wells Fargo Bank, N.A.
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DRE Hot Seat: Mortgage lender mortgage fraud
This article is part of an ongoing series covering violations of real estate law. Here, brokerages engaged in MLO activities to defraud homeowners looking to refinance their mortgages.
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Is a quitclaim deed signed under false pretenses void?
People v. Schmidt Facts: The owner of a company claiming to help homeowners avoid foreclosure...
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DRE Bulletin Digest Spring 2019
A review of the Spring 2019 DRE Real Estate Bulletin.
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DRE watch: Wire transfer fraud alert
A recent DRE publication sounds the alarm about wire transfer fraud — what other kinds of fraud should you be worried about?
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Mortgage fraud potential rises
The danger of mortgage fraud continues to increase in 2018.
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Identity theft prevention for MLOs and MLBs
This article discusses the identity theft prevention program which mortgage loan originators...
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Occupancy misrepresentation – it’s a big deal
Form-of-the-Week: Owner-Occupancy Rider – Form 202-3 Prevention of mortgage application fraud...
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May a foreclosed borrower pursue money damages against a lender when the borrower is unable to reinstate the loan due to fees erroneously charged by the lender?
A borrower refinanced their home loan. The lender forged the borrower’s signature on multiple loan documents. The borrower informed the lender of the forgery…
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BofA and Countrywide top brass found liable
A jury found Bank of America (BofA) and Countrywide senior executive, Rebecca Mairone liable for mortgage abuse.
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The JPMorgan settlement — too much or too late?
Chase settles with the DOJ for $13 billion. The Washington Post calls it the result of “populist pressure.”
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Pushing and shoving the banks into compliance
On Wednesday, October 2, New York Attorney General, Eric Schneiderman, filed a lawsuit against Wells Fargo.
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