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Mortgage, therefore Foreclosure Fraud Infographic

#SecuritizationInfographic #ForeclosureFraud #MortgageFraud #InvestmentFraud #SecuritiesFraud #CorporateFraud #BankFraud #InsuranceFraud

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Banking & Securities Fraud Consumer Fraud Foreclosure Fraud Mail Fraud Maryland Our Daily News US Department of Justice (DOJ) Wire Fraud

Three Convicted on Charges Related to Foreclosure Prevention Fraud Scheme

Department of Justice U.S. Attorney’s Office District of Maryland FOR IMMEDIATE RELEASE Thursday, June 21, 2018 Greenbelt, Maryland – Late on June 20, 2018, a federal jury convicted Michelle Sylethia Jordan, a/k/a Michelle Harris and Michelle Welsh, age 49; her husband, Michael Paul Anthony Welsh, a/k/a Michael A. Welsh and Michael Paul S. Welsh, age […]

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Mortgage-Backed Securities

Mortgage-backed securities (MBS) are debt obligations that represent claims to the cash flows from pools of mortgage loans, most commonly on residential property. Mortgage loans are purchased from banks, mortgage companies, and other originators and then assembled into pools by a governmental, quasi-governmental, or private entity. The entity then issues securities that represent claims on […]

Banking & Securities Fraud Consumer Fraud Corporate Fraud Foreclosure Fraud Mortgage Fraud Our Daily News

Asset-Backed Credit Default Swap (ABCDS)

REVIEWED BY JAMES CHEN  Updated Apr 8, 2019 What is an Asset-Backed Credit Default Swap? An asset-backed credit default swap (ABCDS) is a credit default swap (CDS) wherein the reference asset is the asset-backed security rather than a corporate credit instrument. Understanding Asset-Backed Credit Default Swaps (ABCDS) Asset-backed credit default swap (ABCDS) agreements are similar to traditional credit […]

Banking & Securities Fraud Consumer Fraud Corporate Fraud Foreclosure Fraud Mortgage Fraud Our Daily News Political Fraud

Credit Default Swap (CDS) Definition

REVIEWED BY JUSTIN KUEPPER  Updated Apr 20, 2019 What is a Credit Default Swap (CDS)? A credit default swap (CDS) is a financial derivative or contract that allows an investor to “swap” or offset his or her credit risk with that of another investor. For example, if a lender is worried that a borrower is going to default on a loan, the lender […]

Banking & Securities Fraud Consumer Fraud Corporate Fraud Foreclosure Fraud Mortgage Fraud Our Daily News Political Fraud

Loan Credit Default Swap (LCDS) Definition

REVIEWED BY JAMES CHEN  Updated Apr 10, 2019 What Is a Loan Credit Default Swap (LCDS)? A loan credit default swap (LCDS) is a type of credit derivative in which the credit exposure of an underlying loan is exchanged between two parties. A loan credit default swap’s structure is the same as a regular credit default swap (CDS), except that the […]

Foreclosure Fraud Mortgage Fraud Our Daily News Securities Fraud

General Electric Agrees to Pay $1.5 Billion Penalty for Alleged Misrepresentations Concerning Subprime Loans Included in Residential Mortgage-Backed Securities

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Friday, April 12, 2019 The Department of Justice today announced that General Electric (GE) will pay a civil penalty of $1.5 billion under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) to resolve claims involving subprime residential mortgage loans originated by WMC […]

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Minnesota Couple Pleads Guilty for Long-Running Fraud Scheme

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Thursday, July 25, 2019 Minnesota Couple Pleads Guilty for Long-Running Fraud Scheme Real Estate Company Pleads Guilty to Fraud Conspiracy Detloff Marketing and Asset Management Inc. (Detloff Marketing), a real estate company based in Hopkins, Minnesota; its owner, Jeffery J. Detloff; and its accountant, Lori […]

Banking & Securities Fraud Foreclosure Fraud Mortgage Fraud Our Daily News Securities Fraud

Home Wrecker – Progressive.org

The Great Recession may be over, but abusive mortgage servicers are still at work, and they’re transforming neighborhoods into rental markets. — Read on progressive.org/magazine/home-wrecker-abusive-mortgage-servicer-transforms-neighborhoods/

Case Files and Settlements Foreclosure Fraud Our Daily News Political Fraud US Department of Justice (DOJ) US Department of State

10 Egregious Abuses Of Civil Asset Forfeiture

In the United States, law enforcement agencies have the power to seize the assets of those suspected of criminal activity. On its face, this seems somewhat reasonable. However, the threshold for suspicion of criminal involvement is perilously low and allows law enforcement agencies to abuse the power afforded through civil forfeiture. Many innocent citizens have […]

Foreclosure Fraud Mortgage Fraud New York Our Daily News Political Fraud

De Blasio administration moves to foreclose on hundreds of homes in black and Hispanic neighborhoods

File – New York City Mayor Bill de Blasio (Barry Williams/for New York Daily News)Mayor de Blasio’s administration has targeted at least 420 properties for fore — Read on www.topbuzz.com/article/i6692693961112289798