Judge exceeds sentence guidelines for mortgage broker – La Crosse Tribune
… convicted Michael Fiorito last May on mail fraud and conspiracy charges. The Minnesota U.S. Attorney’s office Fiorito convinced struggling homeowners to refinance or sell him their homes, then stole the profits. Judge Patrick Schiltz …
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NEWARK, N.J. – The U.S. Attorney’s Office in New Jersey says three people who offered distressed homeowners foreclosure rescue services have been arrested and charged with conspiracy to commit wire fraud. Authorities say … Go to Source…
Kamau Herndon, 38, admitted he submitted three false applications for homes in Milwaukie, Portland and Edmonds, Wash. The loans, which totalled … Herndon, a former loan officer at Lighthouse Financial Group in Vancouver, Wash., is the son of Ron … Go to Source…
WASHINGTON (AP) — Mortgage rates have sunk to the lowest level in more than five decades, but consumers aren’t rushing to refinance their loans or buy homes. Mortgage company Freddie Mac said Thursday the average rate … Go to Source…
BALTIMORE (AP) – A federal judge has dismissed the city of Baltimore’s first-of-its kind lawsuit against Wells Fargo Bank N.A. U.S. District Judge J. Frederick Motz explained Wednesday that the city’s claim that the mortgage giant triggered millions … Go to Source…
judge handling litigation over Lehman Brothers Holdings Inc mortgage-backed securities on Tuesday dismissed claims against the McGraw-Hill Companies and Moody’s Corp, a … District Court Judge Lewis Kaplan of New York granted a motion brought by … Go to Source…
SACRAMENTO — Garrett Griffith Gililland III, a former Chico mortgage broker who fled to Spain last year to avoid prosecution on fraud charges, was returned to the U.S. Thursday. Gililland, 28, faces an indictment that includes 24 counts of mail … Go to Source…
WASHINGTON (AP) — Attorneys general in up to 40 states want to force mortgage companies to revamp the way they handle foreclosures, pay financial penalties for violations and expand help to homeowners on the verge of foreclosure. The attorneys general … Go to Source…
NEW YORK — JPMorgan Chase is suspending more than 50,000 foreclosures as it reviews the legitimacy of legal documents in those cases. The issue could stall an already overloaded foreclosure process and may mean some homeowners lost their homes illegally … Go to Source…
… related to mortgage fraud, including mail, wire and bank fraud, and transactional money laundering. Bernadel led a two-year conspiracy involving the purchase of 37 properties using fraudulent loan documents and receiving cash back at closing … Go to Source…
More than two-thirds of U.S. state attorneys general plan this week to launch a joint probe into charges some banks used fraudulent paperwork to kick struggling borrowers out of their homes, a source familiar with the effort told Reuters on Sunday. Bank of Ame Go to Source…
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