NJ mortgage broker accused of applications fraud – AP – msnbc.com
A New Jersey mortgage broker and former head of the Bergen County Improvement Authority has been indicted by a federal grand jury on charges of preparing fraudulent mortgage applications. Forty-seven-year-old Upper …
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Twenty-eight people have been charged in New Jersey in a mortgage scheme authorities say tried to defraud lending institutions out of $5.5 million. U.S. Attorney Paul Fishman unveiled the charges Wednesday, saying a loan … Go to Source…
Two Weston men and a Milford woman were indicted Wednesday on federal charges for allegedly orchestrating a fraudulent mortgage scheme. The indictment alleges the men conspired to commit wire fraud involving a home on … Go to Source…
The head of a failed mortgage firm who was accused of swindling investors out of millions of dollars in a Ponzi scheme has agreed to plead guilty to federal wire and mail fraud charges in exchange for a nearly 20-year prison sentence. Scott Farah, former … Go to Source…
Government-controlled mortgage buyers Fannie Mae and Freddie Mac may reduce taxpayer risk by requiring more mortgage insurance from borrowers and charging lenders higher fees, steps that could increase borrowing costs, the head of their government … 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…
The state Attorney General’s office sued Bank of America on Friday, accusing it of defrauding its mortgage customers. In a complaint filed in Maricopa County Superior Court, the state charges the bank, the largest servicer of home loans in Arizona, with … Go to Source…
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…
A former Westmoreland County mortgage broker will spend three years in federal prison for bilking clients out of nearly $1 million, a federal judge ruled Thursday. U.S. District Judge Joy Flowers Conti ruled that Richard J. Thomas, 45, of North … Go to Source…
NEW YORK (AP) — The federal government sued one of the nation’s largest privately held mortgage brokers on Tuesday, saying its decade-long fraudulent lending practices cost the government hundreds of millions of dollars and forced thousands of … Go to Source…
WLKY.com A Louisville mortgage broker accused of stealing his clients’ credit card numbers to make thousands of dollars in purchases pleaded guilty on Monday. Brett Howard started working for Homequest Mortgage in May 2009. By mid-August, Howard said he … Go to Source…
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