Mortgage Fraud Daily update ⋅ August 18, 2022

Foreclosure Mortgage Fraud NEWS

Q2 2022 Quarterly Mortgage Fraud Brief – CoreLogic®

CoreLogic

The CoreLogic Mortgage Fraud Brief analyzes the metro areas with the highest mortgage fraud risk on a quarterly basis, and offers mortgage fraud …

     

Task Force on Market Integrity and Consumer Fraud – Department of Justice

Department of Justice

The Task Force is part of a government-wide initiative to combat fraud against consumers – particularly the elderly, service members, and veterans – …

     

Second Guilty Plea In $8.7 Million Mortgage Fraud Case | Scoop News

Scoop

A second person has today pleaded guilty in an on-going $8.7 million mortgage fraud case brought by the Serious Fraud Office.

     

Federal indictment shines new light on TJ Cox’s previous financial issues – ABC30 Fresno

ABC30

Cox now faces 28 felony charges for wire fraud, money laundering, mortgage fraud, and campaign contribution fraud. Federal prosecutors accuse him …

     

EagleBank settles insider-lending charges brought by regulators – HousingWire

HousingWire

EagleBank, which operates a mortgage-lending unit, along with its holding … Fraud, risk, quality, oh my: The hazards to watch for in gaining …

     

Federal judge adds pre-trial hearing on evidence in Mosby case – WBFF

WBFF

The federal judge in the mortgage fraud and perjury case against Baltimore City State’s Attorney Marilyn Mosby added an additional pre-trial …

     

Prosecutors struggle to catch up to a tidal wave of pandemic fraud | The Seattle Times

The Seattle Times

They were the Paycheck Protection Program, in which the government guaranteed loans made by private lenders, and the Economic Injury Disaster Loan …

     

Mortgage apps decline 2.3% to the lowest level since 2000 – HousingWire

HousingWire

Demand for mortgage loans declined to the lowest level since 2000 last week, … Fraud risk continues to rise even as the market contracts.

Homebuyers are backing out of more deals as high mortgage rates persist and recession fears linger – Stop Foreclosure Fraud

Full Coverage

     

Second guilty plea in Serious Fraud Office’s Auckland property fraud case | Stuff.co.nz

Stuff.co.nz

A second person has pleaded guilty in an $8.7​ million mortgage fraud case brought by the Serious Fraud Office Te Tari Hara Tāware.

     

Don’t Fall for This Home Warranty Scam – Oregon Department of Justice : Media

Oregon Department of Justice

Many consumers wonder how these scammers know the name of their mortgage company. Some information about mortgages, such as the name of your lender …

     

Could China’s mortgage boycotts threaten the global economy? – The Economist

The Economist

Mortgage boycotts that began in Jiangxi, China have spread to nearly 100 cities … once China’s second-largest property developer – was a fraud.

     

Manalapan, NJ, Man Charged With $1Million Investment Scheme And Fraudulently …

MidJersey.News

As with his investment fraud scheme, Mastroianni misused the loan proceeds to make personal purchases and cash withdrawals.

     

What Is Concealment in Insurance? | Credible

Credible

By refinancing your mortgage, total finance charges may be higher over the life of the loan. Credible Operations, Inc. NMLS # 1681276, is referred to …

     

SCA as a means to prevent fraud | Insights – UK Finance

UK Finance

This measure will go a long way to prevent unauthorised fraud, which caused … Mortgage market forecast to emerge from Covid-era with new impetus.

     

BofA CEO: Struggling Americans feel they are in a recession – Stamford Advocate

Stamford Advocate

Feds: Stamford developer sentenced for PPP loan fraud … He says Americans who have a fixed-rate mortgage largely have locked in low borrowing …

     

Troutman Pepper Weekly Consumer Financial Services Newsletter – August 2022 # 3

JD Supra

… Biden signed the COVID-19 Economic Injury Disaster Loan Fraud Statute … for fraud by borrowers under the SBA’s Paycheck Protection Program.

     

Ex-California Congressman Arrested on Fraud, Money Laundering Charges

The Crime Report

The indictment also alleges that Cox received mortgage loan money after submitting fabricated bank statements to a lender. If convicted of wire fraud …

     

‘Sorry’: Crown calls for harsh sentence for Calgary man in multimillion-dollar fraud

Yahoo Finance

Arnold Breitkreutz, 74, was convicted on June 29 of fraud over $5000 for … investors believed they were putting money into safe first mortgages.

     

Monica Cannon-Grant wants unemployment assistance as she fights federal fraud charges

Boston Herald

Monica Cannon-Grant, whose charity Violence in Boston shut down last month as a federal fraud case against her and her husband plays out in court, …

     

Former lawmaker indicted on fraud charges – KWTX

KWTX

Former California congressman T.J. Cox has been indicted on fraud charges.

     

Retail Sales Stay Flat, Trump Organization Case Heads to Trial, Mortgage Applications Decline

CoStar

The tax-fraud case was spun off from a larger ongoing probe by the Manhattan District Attorney’s Office regarding the Trump Organization’s alleged …

     

CONSUMER ALERT: Carr Warns of Bogus “Spoofed” Phone Calls from Scammers Posing …

Georgia Attorney General – Georgia.gov

ATLANTA, GA – Attorney General Chris Carr is warning consumers about an imposter scam where con artists pose as local law enforcement officials in …

     

Dollar Scholar Asks: How Do I Dispute a Credit Card Charge? – Money

Money

(The law caps my liability for unauthorized charges at $50, though most credit cards offer $0 fraud liability, meaning I’m not responsible for any …

     

Lagos: Man bags one-year jail term, 80 hours community service for N16.7m fraud

The Guardian Nigeria

Justice Olubunmi Abike-Fadipe of Special Offences Court, Ikeja, Lagos, yesterday, sentenced a man, Anthony Chukwuemeka to one-year imprisonment …

     

Rural Tennessee bank’s new chair bets on mortgage growth in a tough market

American Banker

Bringol, CEO of Pittsburgh-based Victorian Finance, a nonbank mortgage lender, led a group of investors that acquired an undisclosed stake in …

     

Barred Broker From Manalapan Charged With $1M Fraud: U.S. Attorney – Patch

Patch

Anthony Mastroianni Jr. is charged with defrauding 10 clients of nearly $1 million and also of fraudulently obtaining a $96,000 CARES loan.

     

Family members sentenced for coronavirus relief-related fraud > Columbia Business Report

Columbia Regional Business Report

“During a time when many families were struggling to make mortgage payments, this family was buying houses with money they stole from the American …

     

As China’s Economy Stumbles, Homeowners Boycott Mortgage Payments – The New York Times

The New York Times

The mortgage rebellions have roiled a property market facing the … after the authorities froze withdrawals amid allegations of financial fraud.

     

SF Official Asked Investor To Lie On Loan Doc, Jury Told – Law360

Law360

Makras is charged in the criminal case with conspiracy to commit bank fraud, conspiracy to make a false statement to a bank, false statements to a …

Trial looms for Basalt couple accused of PPP loan fraud, investment scam & More Loans News – World News

Full Coverage

     

Study: 54 percent of New Hampshire homeowners are ‘equity-rich’ – NH Business Review

NH Business Review

House With Pile Money, Home Expense Symbol, Concept Mortgage Loan In a new measure of home value, New Hampshire ranks 15th among states with …

     

Business Highlights: Recession fears, flat retail sales – The Register Citizen

The Register Citizen

… mostly resilient even with inflation near a four-decade high, economic uncertainties rising and mortgage and other borrowing rates surging.

     

Prosecutors Struggle To Catch Up To A Tidal Wave Of Pandemic Fraud – Forbes India

Forbes India

About 50 agents in a Small Business Administration office are sorting through 2 million potentially fraudulent loan applications. Officials already …

     

Cost Of Living Crisis: Rising Food Prices Drive Inflation To 10.1% In July – Forbes

Forbes

Trussle is a 5-star Trustpilot rated online mortgage adviser that can help … The vast majority (91%) of fraud reported last year was carried out …

     

Inco-Check, LLC Becomes QC Ally, Unveiling a New Brand Identity that Reflects Company’s …

Business Wire

… industry-leading, tech-enabled loan quality and audit services. … to the market with loan quality and fraud prevention at the forefront.

     

Former Democratic Congressman Indicted for Money Laundering, Fraud – The Epoch Times

The Epoch Times

Further, Cox allegedly “received mortgage loan funds from a lender for a property purchase by submitting multiple false representations to the …

     

Owner of Hudson Falls plumbing business admits using customer info for scam

Times Union

Burnell “knowingly submitted false and fraudulent applications for consumer … On Wednesday, Burnell pleaded guilty to bank fraud and aggravated …

     

How to Trade Currencies, Avoid Forex Trading Scams | Investing | U.S. News

US News Money

And although there are plenty of legitimate ways to make money in the foreign exchange market, scams do exist and can sidetrack investors. Here are …

     

Advanced Fraud Solutions Reports Adoption of its ACH Fraud Mitigation Tool, Reveals … – Benzinga

Benzinga

HIGH POINT, N.C., Aug. 17, 2022 /PRNewswire/ — Advanced Fraud Solutions (AFS), a leader in payments fraud detection software, today announced the …

     

ENOB Investors Have Opportunity to Lead Enochian Biosciences, Inc. Securities Fraud Lawsuit

Benzinga

LOS ANGELES, Aug. 17, 2022 /PRNewswire/ — The Law Offices of Frank R. Cruz announces that investors with substantial losses have opportunity to …

     

UK inflation breaks into double figure territory – Mortgage Finance Gazette

Mortgage Finance Gazette

Inflation in the UK reached 10.1% in July, setting a new 40-year record high, the latest data from the Office for National Statistics (ONS) shows.

     
WEB

$37k-$92k Mortgage Fraud Investigation Jobs Near Me (NOW HIRING) – ZipRecruiter

ZipRecruiter

MORTGAGE FRAUD INVESTIGATION Jobs Near Me ($37K-$92K) hiring now from companies with openings. Find your next job near you & 1-Click Apply!

     

Reporting Professional (Remote) job in McLean, VA – Freddie Mac Careers

Freddie Mac Careers

Our team is responsible for leveraging internal tools to implement data analytical processes to detect mortgage fraud in loan origination, …

     

Remote Mortgage Lending Business Software Alliance Officer Candidate Fraud Specialist

Virtual Vocations

A mortgage Company company is seeking a Remote Mortgage Company Business Software Alliance Officer Candidate Fraud Specialist.

     

 

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