Most Recent Articles For: Loans

Written by Administrator on March 29th, 2012
AmericaHomeKey, Inc. (AHK), Dallas, Texas, has immediately and premanently lost its approval granted to it by U.S. Department of Housing and Urban Development to originate and underwrite new mortgages insured by the Federal Housing Administration (FHA) for repeated and serious violations of FHA requirements. Mortgage Fraud Blog - ...
Written by Administrator on March 21st, 2012
Anthony J. DeMarco, III, 33, Conshohocken, Pennsylvania, pleaded guilty to conspiracy and fraud charges in connection with a mortgage fraud scheme involving more than $ 30 million in loans. Mortgage Fraud Blog - Perp Walk
Written by Administrator on March 1st, 2012
Reuters reports:The Department of Housing and Urban Development said [...] it is charging Bank of America Corp with discriminating against homebuyers with disabilities.HUD alleged the second-largest U.S. bank by assets imposed "unnecessary and burdensome requirements" on borrowers who relied on disability income to qualify for their mortgages. The charge, now ...
Written by Administrator on February 28th, 2012
Bloomberg reports:Bank of America Corp. (BAC), Wells Fargo & Co. (WFC) and three other banks that settled a nationwide probe of foreclosure practices this month will get a bonus from the deal: protection for $ 308 billion of home-equity loans they hold.The banks that service about half the nation’s ...
Written by Administrator on February 24th, 2012
Thomas E. Green, 57, Ocean City, Maryland, pled guilty to fraudulently securing nearly $ 2.2 million in loans to purchase five properties in Cape Charles, Virginia.   Mortgage Fraud Blog - Perp Walk
Written by Administrator on February 8th, 2012
Legal Newsline reports:Summaries of 24 mortgage loans paint a heart-breaking picture of routine dishonesty that brought down America's house of cards. Conservators of Federal National Mortgage Association filed the summaries in federal court in December, to support a claim that "Fannie Mae" relied on bad information from lenders when guaranteeing ...
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 ...