2021-07-18 15:21
Seven people were charged in involvement with a mortgage scam that authorities say defrauded 79 people out of $247,000 in Tustin and Santa Ana. Natalie Nava, 36, Amir Khoshnevis, 35, Aaron P… Read More
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A blog that brings the latest news about Mortgage and Real Estate fraud throughout the USA and beyond
2021-07-14 16:48
Arnold Breitkreutz, an alleged Ponzi scheme scam artist, has asked his counsel to retract his guilty plea in a multimillion-dollar mortgage scam. Cale Ellis-Toddington, Breitkreutz’s n… Read More
2021-07-11 16:28
The APR, or annual percentage rate, refers to the rate of interest computed over the course of a year, as opposed to a monthly fee on a loan, line of credit, automobile loan, and so on… Read More
2021-07-11 02:02
ROSEBURG, OREGON – After investigating the usage of a stolen credit card, the Roseburg Law Enforcement detained a guy. Around 4:30 p.m., the victim reported unauthorized usage of his c… Read More
2021-07-11 01:48
Mario King, the former mayor of Moss Point, is now facing mortgage fraud charges in Texas and has “engaged in activities that equates to obstruction of justice,” each of which mi… Read More
2021-06-12 23:31
The president of the Mortgage Bankers Association in the late 1990s, who was also the owner of Oklahoma City-based bank and lender First Mortgage Company, pled guilty to five charges of bank… Read More
2021-06-08 04:51
TERREBONNE PARISH, LA. — For spending more than $380,000 on business credit cards, a Louisiana lady was detained Wednesday night and faces felony larceny and financial fraud charges. K… Read More
2021-06-08 04:21
A 52-year-old Lake Worth investment banking manager is suspected of falsifying files including the names of prominent corporate and university endowment executives, to persuade a lender… Read More
2021-06-08 03:55
SACRAMENTO, Calif. — Investigators in Sacramento uncovered a pair had reportedly filed many fake Employment Development Department claims utilizing data from victims who reside&n&hell…Read More
2021-06-01 02:11
A house is the biggest purchase you'll ever undertake, and you'll have to go through the mortgage approval process if you're one of the 88 percent of purchasers who finance their property. Q… Read More
Teachers And First Responders Would Be Eligible For No-Down-Payment Mortgages Under A House Proposal
2021-06-01 01:23
House members of Congress recently introduced joint legislation that would allow teachers and first responders — such as cops, firemen, EMTs, and paramedics — to get a mortgage w… Read More
2021-06-01 00:28
Qualifying for a personal loan might feel like a leap of faith, especially without good credit. While there are many personal loan providers to choose from, not every lender will lend you th… Read More
2021-05-28 17:27
PORTLAND, Oregon (AP) – During the coronavirus outbreak, a Portland man is suspected of illegally taking out loans intended to support small companies for personal use. Eric Wade Lysne… Read More
2021-05-16 05:20
To buy a home, you don't need flawless or even decent credit. In reality, getting a mortgage requires a minimum credit score of 580, which is just called “fair.” Keep in mind tha… Read More
2021-05-11 02:26
The real estate market is as competitive as it's ever been. However, the mortgage industry is losing momentum. Home sales are accelerating at a rate not seen since before the financial crash… Read More
2021-05-11 00:45
Prosecutors say the two Plymouth residents, who own two sushi and hibachi restaurants in the west metro, are facing 46 tax evasion counts in a "extensive scam" that lasted "years." These com… Read More
2021-05-10 22:51
According to federal prosecutors, a woman from Southern California faces felony charges after fabricating home health care certifications that resulted in more than $6 million in false Medic… Read More
2021-05-10 05:05
IN IRVINE, CALIFORNIA – On federal charges, an Orange County man was arrested on allegations that he fraudulently received over $5 million in Payment Protection Program funds for his f… Read More
2021-05-10 04:47
Edwin Josue Herrera Rosales, aka "Josh Herrera," 34, of Washington, pleaded guilty today to a scheme to defraud 1,000 struggling borrowers facing foreclosure. Herrera Rosales pled guilty to… Read More
2021-05-10 04:32
Attorneys General Keith Ellison of Minnesota and Letitia James of New York are leading a unified delegation of 33 attorneys general in rejecting a proposed lawsuit settlement that would… Read More
2021-05-10 04:22
Andrzej Lajewski, 53, a real estate developer who managed Des Plaines-based Highland Consulting Corp. and Chicago-based Quality Management and Remodeling Inc., has been charged with three ot… Read More
2021-05-07 00:06
TRENTON, N.J. (AP) — Acting US Attorney Rachael Honig revealed today that a Middlesex County, New Jersey resident has confessed to accepting Payment Program (PP) funds he was not entit… Read More
2021-05-06 23:59
PEORIA, ILLINOIS – On May 18, 2021, David Litman, 41, from the village of Foosland, Ill., was given the order to surrender to federal prison and serve a two-year conviction in rel… Read More
2021-05-06 23:47
On April 13, a federal grand jury in Los Angeles, California, returned an indictment accusing a California man of defrauding the Paycheck Protection Program of hundreds of thousands of dolla… Read More
2021-05-06 23:34
Acting U.S. Attorney Clint Johnson revealed today that a longtime Tulsa citizen who fraudulently applied for a Paycheck Protection Program forgivable loan backed by the Small Business Admini… Read More
2021-05-06 03:08
It's one of those controversies that never appears to have a definite winner: Do seniors pay off their home loan or keep making monthly payments? The response is that it varies, which i… Read More
2021-05-06 02:20
Zero-down mortgages are debt forms that are 100 percent financed and are provided by the United States Department of Agriculture (USDA loan or "Rural Housing Loan") and the Department of Vet… Read More
2019-06-30 03:39
With the approach of the 2020 election, the talk about the current tax code will start to pick up. Like every election before it and probably every election after it, the 2020 election will… Read More
2019-06-29 01:02
Freddie Mac reported, on Thursday, that the average 30-year fixed mortgage rate was 3.73% down. The 15-year fixed-rate mortgage average 3.16% down nearly .09% from previous years. The… Read More
2019-06-28 03:04
In the years leading up to the 2008 financial crisis, there was a growing segment of the real estate investors that focused solely on undervalued properties. This style of investing is best… Read More
2019-06-27 00:08
In the year 1973, there was a fundamental change in the student loan industry. That change was the founding of Sallie Mae. Under Sallie Mae, student loans became easier and easier from prosp… Read More
2019-06-25 23:56
If the student loan forgiveness bill is passed, then the following would go into effect. The Secretary of Education would have 6 months to cancel all outstanding student loan debt that the f… Read More
2019-06-21 05:51
With the advancements in the field of science and technology, the inner workings of different fields are changing, and the same goes for the world of business and finance. A new term that ha… Read More
2019-06-04 07:00
A growing number of people get student loans as they don't have other means to pay for college fees. While no one can argue that getting a loan is a necessity for many people, it's also unqu… Read More
2019-06-03 20:04
Before getting into what a good credit score is, let’s discuss the meaning of credit scores and how they work. A credit score is a number that typically ranges from 300 - 850 and is us… Read More
2019-06-02 08:43
Last week the 30-year-fixed-rate mortgage fell below 4%, displaying a 16 month low for the product. Furthermore, the 15-year-fixed-rate mortgage also registered a fall as it averaged 3… Read More
2019-05-31 17:38
The Security and Exchange Commission and the Department of Justice charged Robert Morgan for purportedly operating a Ponzi scheme that shuffled money from investors and faking loan documents… Read More
2019-05-31 00:41
In spite of low borrowing costs and average price gains, Americans aren't looking to take on as many new mortgages. The Mortgage Bankers Association recorded the drop of mortgage application… Read More
2019-05-30 00:40
Going to college is everyone’s dream; paying college debt? Not really. American students are carrying the weight of a massive $1.5 trillion in student loan debt. 2 million students gra… Read More
2019-05-23 22:18
Everyone wants to buy their own house someday especially for those starting off a new family. Unless you’re filthy rich, you really don’t have much of an option but to get a mort… Read More
2015-11-16 05:09
Portland, Oregon: Federal government prosecutors soon are going to ask for a 15-year penitentiary sentence with regard to the individual considered to be the mastermind associated with the… Read More
2014-11-01 22:59
A recent report from the banking ombudsman states that internet banking fraud utilized by cellular phones was at its highest level in 2013 and that cell phone phishing is responsible for 46… Read More
2014-11-01 22:54
Convicted scammer, Mike Osborne, is behind bars once again. Originally convicted of swindling Kentuckiana windstorm victims in 2008, Osborne is now dealing with charges in another US state… Read More
2006-06-07 11:16
Real estate developer Schelton Assoumou of Brooklyn, New York, was recently arrested on charges of bank and wire fraud for his part in a mortgage fraud scheme that went on for several years… Read More
2006-06-07 11:16
Dublin man Gordon L. Yocom, 44, pleaded guilty Wednesday to conspiracy to commit money laundering by fraudulently obtaining a mortgage loan in order to finance the purchase of a real estate… Read More
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