Most Recent Articles For: Loans

Written by Administrator on February 2nd, 2012
In Alameda County, California, the Contra Costa Times reports:A mountain of debt cloaked in years of forged spousal signatures and a pending foreclosure were the motive for a Pleasanton woman to burn down her home in a 2008 fire, according to arguments given by prosecutors before the Alameda County grand ...
Written by Administrator on January 12th, 2012
Robert Veazie has pleaded guilty to a fourth superseding criminal information in connection with obtaining residential home loans, including some in the Kirby Lofts condominium complex. Mortgage Fraud Blog - Perp Walk
Written by Administrator on January 5th, 2012
John Farahi, 54, Bel Air Estates, California, a former investment fund manager, was charged with defrauding investors out of millions of dollars by falsely promising investors their money would be used to purchase loans and corporate bonds backed by the federally funded TARP and then collaborating with his corporate counsel to cover-up ...
Written by Administrator on December 25th, 2011
The New York Times reports:The Justice Department on Wednesday announced the largest residential fair-lending settlement in history, saying that Bank of America had agreed to pay $ 335 million to settle allegations that its Countrywide Financial unit discriminated against black and Hispanic borrowers during the housing boom.A department investigation ...
Written by Administrator on December 10th, 2011
In Cleveland, Ohio, The Plain Dealer reports:A Cuyahoga County judge has dismissed most of a 2008 public nuisance lawsuit Cleveland officials filed against 21 banks and mortgage companies in an attempt to punish them for bankrolling subprime loans.The dismissal cuts off another avenue the city sought to collect millions of ...
Written by Administrator on December 10th, 2011
In Cleveland, Ohio, The Plain Dealer reports:A Cuyahoga County judge has dismissed most of a 2008 public nuisance lawsuit Cleveland officials filed against 21 banks and mortgage companies in an attempt to punish them for bankrolling subprime loans.The dismissal cuts off another avenue the city sought to collect millions of ...
Written by Administrator on December 5th, 2011
Dwayne Charles Holcombe, 50, a former vice president at a northwest Alabama bank, was sentenced to two years and five months in prison for fraud that cost a small, locally owned bank more than $ 1.4 million in noncollectable loans over six years.  Mortgage Fraud Blog - Perp Walk