In June 2008, The FBI stated that its mortgage fraud caseload has doubled in the past three years to more than 1,400 pending cases. Between March 1 and June 18, 2008, 406 people were arrested for mortgage fraud in an FBI sting across the country. People arrested include buyers, sellers and others across the wide-ranging mortgage industry.
Adding to lender woes were declining home values in almost every metropolitan area throughout the United States, sky-high home prices at time of origination, rising mortgage rates, rampant fraud, a deteriorating secondary market, and unmanageable mortgage payments.
If you fail to make one or more payments on your mortgage loan, your loan is in default. The servicer may then order "default-related services" to protect the value of the property. These services may include property inspections to make sure you are still living in the home and maintaining the property.
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HSBC agreed to a $601 million settlement with a series of federal agencies and nearly every state over charges that the bank engaged in mortgage origination, servicing and foreclosure abuses. As.
Mortgage Broker Jailed for Fraud admin – March 2, 2012 – Leave a comment Money Marketing A fraudulent mortgage broker has been sentenced to two and a half years in prison following an investigation by financial investigators from the Metropolitan Police Service.
Surveyor jailed for 6 years for 10m mortgage fraud A senior surveyor who took gifts worth 1m for her part in a 10m mortgage scam for London properties has been jailed for six years. 28 july 2011
Distressed Homeowner Program Mainly Benefited Three States Your next Uber could be a self-driving car – Video – Technology Mortgage Masters Group Distressed Homeowner Program Mainly Benefited Three States Stone V BankUnited Second Bank of the United States – Wikipedia – The Second Bank of the United States, located in Philadelphia, Pennsylvania, was the second.. The U.S. Supreme Court had.
Sept. 20, 2011 Mortgage Executive Pleads Guilty To Mortgage Loan Fraud RICHMOND, Va. – Nicole G. Hathaway, age 34, of New Kent, former President of Mortgage Solutions II, pled guilty today to a two-year mortgage loan fraud.
Search mortgage fraud blog | Mortgages and fraud and the law, oh my! Mortgage Sub-Servicer Sent to Prison for Stealing payoffs thomas richard jager , 66, Bettendorf, Iowa, was sentenced by United States Chief District Court Judge James E. Gritzner to 97 months imprisonment, after pleading guilty to four counts of wire fraud.
Mortgage servicers collect and process payments from homeowners, as well as handle loss mitigation applications and foreclosures for defaulted loans.Unfortunately, servicers sometimes make errors when it comes to managing homeowners’ accounts. read on to learn about common abuses and errors that happen in the loan servicing industry.