Report: Freddie Mac, Ginnie Mae Ignored ‘Red Flags’ in Fraud Case
A report filed last week by the Office of Inspector General of the Federal Housing Finance Agency (FHFA) states that GSEs Freddie Mac and Ginnie Mae ignored "red flags" with regards to a mortgage fraud...
View Article$460M Settlement Reached in NJ Court Over Faulty RMBS
Swiss-based bank Credit Suisse and New Jersey-based insurance company Prudential agreed on a $460 million settlement over a lawsuit filed by Prudential alleging that the bank had sold fraudulent...
View ArticleCalifornia Man Convicted for Multi-Million ‘Mortgage Loan Reduction’ Scam
A California man was convicted on several counts of fraud relating to a mortgage scam earlier in the week, Special Inspector General for the Troubled Asset Relief Program (SIGTARP) Christy Romero...
View ArticleAlleged Real Estate Fraud Leads to New York Man’s Indictment
According to SIGTARP, Zherka secured the loans for the purchase and refinance of apartment complexes across the country, lying all the while about the purchase prices of the real estate, the amount of...
View ArticleMaryland Woman Convicted for Role in Mortgage Fraud Scam
A Maryland jury has convicted Annika Boas, 37, for her role in a residential mortgage fraud scheme, U.S. Attorney for the District of Maryland Rod J. Rosenstein announced late last week. The post...
View ArticleJudge’s Ruling Paves Way For Class-Action Suit against JPMorgan Chase
A judge ruled on Wednesday that investors' claims in nine separate offerings for $10 billion worth of residential mortgage-backed securities (RMBS) were similar enough for the investors to proceed as a...
View ArticleReport: Mortgage Fraud Risk Increases 3.2 Percent
CoreLogic's latest Mortgage Fraud Report, released Tuesday, shows a 3.2 percent year-over-year increase in fraud risk among mortgages in the U.S. in the second quarter of 2014, as measured by the...
View ArticleSixteen Charged in Nationwide House Flipping Telemarketing Scam
Sixteen individuals have been charged in relation to a telemarketing scheme to sell houses to investors in most of the U.S., including Michigan, according to a joint announcement by U.S. Attorney for...
View ArticleFreddie Mac to Seek Punitive Damages in Deloitte Lawsuit, Report Says
Freddie Mac sued Deloitte for $1.3 billion in a Florida court in September 2014 with regards to fraudulent mortgage loans the GSE purchased from Taylor Bean & Whitaker, according to reports....
View ArticleFraud Watch
Like a tornado watch, CoreLogic's National Fraud Risk Index showing new highs doesn't necessarily mean there is more fraud, however it does mean the conditions are right for fraud to grow. Take a look...
View ArticleReport: Freddie Mac, Ginnie Mae Ignored ‘Red Flags’ in Fraud Case
A report filed last week by the Office of Inspector General of the Federal Housing Finance Agency (FHFA) states that GSEs Freddie Mac and Ginnie Mae ignored "red flags" with regards to a mortgage fraud...
View Article$460M Settlement Reached in NJ Court Over Faulty RMBS
Swiss-based bank Credit Suisse and New Jersey-based insurance company Prudential agreed on a $460 million settlement over a lawsuit filed by Prudential alleging that the bank had sold fraudulent...
View ArticleReport: Mortgage Fraud Risk Increases 3.2 Percent
CoreLogic's latest Mortgage Fraud Report, released Tuesday, shows a 3.2 percent year-over-year increase in fraud risk among mortgages in the U.S. in the second quarter of 2014, as measured by the...
View ArticleFreddie Mac to Seek Punitive Damages in Deloitte Lawsuit, Report Says
Freddie Mac sued Deloitte for $1.3 billion in a Florida court in September 2014 with regards to fraudulent mortgage loans the GSE purchased from Taylor Bean & Whitaker, according to reports....
View ArticleFraud Watch
Like a tornado watch, CoreLogic's National Fraud Risk Index showing new highs doesn't necessarily mean there is more fraud, however it does mean the conditions are right for fraud to grow. Take a look...
View ArticleWhen Mortgage Fraud Hits Home
A Sacramento grand jury charged three people allegedly connected to a more than $7 million mortgage fraud scheme across California. Click through to read more. The post When Mortgage Fraud Hits Home...
View ArticleMortgage Fraud Risk Rises Significantly in Q2
With a 37.2% national year-over-year increase in mortgage fraud risk in the second quarter of 2021, CoreLogic reports an estimated 0.83%—or one in 120—of all mortgage applications contained fraud. The...
View ArticleFraud Risk Down Due to More Refinance Volume
The CoreLogic Quarterly Mortgage Fraud Brief is a quarterly report that analyzes the top metropolitan areas with the highest mortgage fraud risk based on the company’s research of trends found in...
View ArticleThe True Cost of Fraud
A new survey reveals the real price paid by mortgage lenders in cases where fraud occurs, as for every $1 in fraud in 2021, lenders spent $4 to recover their losses. The post The True Cost of Fraud...
View ArticleUncovering the True Cost of Mortgage Fraud
LexisNexis has released its first True Cost of Fraud for Real Estate study which examines fraud trends for the United States based on the answers of 360 risk and fraud management executives which found...
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