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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Banking & Securities Fraud Foreclosure Fraud Minnesota Mortgage Fraud Our Daily News US Department of Justice (DOJ)

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 Mortgage Fraud US Department of Justice (DOJ)

NATIONAL MORTGAGE SETTLEMENT

“The U.S. Trustees Program . . . was one of the first federal agencies to investigate mortgage servicer abuse of homeowners in financial distress. . . . They have worked tirelessly to seek justice for homeowners who were treated unfairly and taxpayers who footed the bill.  And the information and evidence that these teams compiled […]

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/

Banking & Securities Fraud BAR Mortgage Fraud Our Daily News US Department of Justice (DOJ) Wire Fraud

Former Attorney Pleads Guilty for Role in Loan Modification Scam That Targeted Struggling Homeowners United States v. Ronald Rodis

Press ReleaseDocket Number: 8:13-CR-0208 (C.D. Cal.) On June 29, Ronald Rodis pled guilty to conspiracy to commit mail and wire fraud for his role in Rodis Law Group, a bogus law firm that purported to offer struggling homeowners assistance obtaining loan modifications. Three defendants, including Rodis, opened Rodis Law Group and advertised loan modification assistance […]

Banking & Securities Fraud BAR Case Files and Settlements Mortgage Fraud Our Daily News Wire Fraud

Owner of Loan Modification Scam That Targeted Struggling Owners Pleads Guilty United States v. Bryan D’Antonio

Press ReleaseDocket Number: 8:13-CR-0208 (C.D. Cal.) On August 9, Bryan D’Antonio pled guilty to conspiracy to commit mail and wire fraud for his role as owner and operator of Rodis Law Group and America’s Law Group, bogus law firms that purported to offer struggling homeowners assistance obtaining loan modifications. In reality, these companies were telemarketing […]

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

Wells Fargo mortgage error victims lost homes, file lawsuits | Charlotte Observer

Customers state how a Wells Fargo mortgage modification issue ruined their lives. They are taking legal action after they lost their homes when the San Francisco bank computer glitch denied lower loan payments. — Read on amp.charlotteobserver.com/news/business/banking/article231006013.html

Banking & Securities Fraud Consumer Financial Protection Bureau (CFPB) Consumer Fraud Mortgage Fraud Our Daily News

HMDA Proposed Changes – Are You in the Know?

Over the past several years we have experienced significant changes to HMDA. There are recent proposed changes that may impact your compliance responsibilities. HMDA History HMDA was enacted in 1975, and in July 2011, rule-writing authority for Regulation C was transferred to the Consumer Financial Protection Bureau (CFPB). The HMDA requirements are intended to provide […]

Banking & Securities Fraud California Insurance Fraud Mortgage Fraud Our Daily News

Attorney General Becerra Announces Sentencings in $2 Million Mortgage Fraud Scheme in Southern California

Thursday, May 16, 2019 Contact: (916) 210-6000, agpressoffice@doj.ca.gov SAN DIEGO – California Attorney General Xavier Becerra today announced the sentencing of Andrew Valles for operating a $2 million mortgage fraud scheme throughout Southern California. Today, Mr. Valles was sentenced to 13 years in state prison. Restitution was ordered in the amount of $2,342,957. Co-defendant Arnold […]

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

Banking & Securities Fraud Government Fraud Mortgage Fraud Our Daily News Political Fraud State Government Fraud US Department of Housing and Urban Development (HUD) US Department of Justice (DOJ)

Attorney General Holder Appoints Eight New U.S. Attorneys to Advisory Committee

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Tuesday, January 28, 2014 Attorney General Eric Holder today announced the appointment of the following eight U.S. Attorneys to serve two-year terms on the Attorney General’s Advisory Committee (AGAC): A ndré Birotte Jr., Central District of California; Thomas E. Delahanty II, District of Maine; Zachary T. […]

Fannie Mae Mortgage Fraud

Fraud Schemes and their Characteristics – Resources to Help You Combat Mortgage Fraud

Fannie Mae is committed to working with our industry partners to help combat fraud by providing this list of fraud schemes and their characteristics. Common characteristics accompany most fraud-for-profit schemes, and identifying them can be helpful in determining whether a loan is part of a larger fraud scheme. Inconsistencies in the loan file are often […]

Banking & Securities Fraud Consumer Fraud Corporate Fraud Mortgage Fraud Our Daily News Political Fraud US Department of Justice (DOJ)

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

General Electric Agrees to Pay $1.5 Billion Penalty for Alleged Misrepresentations Concerning Subprime Loans Included in Residential Mortgage-Backed Securities | OPA | Department of Justice — Read on www.justice.gov/opa/pr/general-electric-agrees-pay-15-billion-penalty-alleged-misrepresentations-concerning-subprime

Foreclosure Fraud Government Fraud Mortgage Fraud Our Daily News

Colorado attorney turned whistle-blower alleges foreclosure abuses – Article Comments – View topic – Business News – General Business : Denver Colorado Neighbors

Article Discussion on An attorney turned whistle-blower at Colorado’s second-largest foreclosure law firm has detailed to state investigators a pattern of abuses that stretch beyond the scope of their investigation into alleged overbilling practices.Susan Hendrick testified at a hearing Thursday that she told the state attorney general’s office about bill-padding she witnessed while a lawyer […]