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.
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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.
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Ex-mortgage broker jailed for mortgage fraud Former mortgage broker Michael Lewis has been sentenced to two years in prison for two counts of mortgage fraud and 10 counts of continuing to give mortgage advice despite being banned by the FSA.
Other groups may not have enforcement powers, but can provide useful advice for dealing with mortgage fraud and predatory lending. Reporting criminal complaints on mortgage fraud. Here’s a list of some of the agencies most commonly contacted to report mortgage fraud or predatory lending, and some suggestions on when to contact each.
A mortgage servicer is responsible for the day-to-day management of your mortgage loan account, including collecting and crediting your monthly loan payments, and handling your escrow account, if you have one.
Reading that the former English Defence League leader tommy robinson was last week jailed for 18 months for mortgage fraud got me thinking that it’s been a while since I have read a decent mortgage fraud story.. After the last recession, mortgage lenders took a long hard look at themselves and started to focus on the quality of their lending as opposed to the quantity.
prosecuted and found guilty of securities fraud. Lay died before he was sentenced. But that was then. In the mortgage scandal that grew out of the 2008 recession, no high-ranking bank executive was.
Towson Title Agency Operator Sentenced to Over Six Years in Prison in $3.9 Million Mortgage Fraud Scheme Failed to Make $3.9 Million in Payoffs to Mortgage Lenders Holding Liens on 13 Properties. And since that lender was receiving monthly payments, it had no reason to notify the borrower of any delinquency.
Texas Has the Fewest Mortgage Borrowers Leaving the State | Neighborhoods.com In what is likely to be the most extensive public engagement process ever undertaken in Roselle, community leaders recently joined forces to create the Envision Roselle Task Force to identify a desired long-term future for the community.