Fraud
Fraud
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A Rochester, N.Y., developer who faces federal mortgage fraud charges connected to apartments in Buffalo and other cities has pushed back the sale of a significant part of his real estate portfolio until later this month.
October 7 -
The switch to a buyer's home purchase market, as well as fewer natural disasters helped drive the five-month-long decline in mortgage application fraud risk, First American said.
September 27 -
There were signs Kathy Kraninger would continue a rollback of consent orders and investigations, but many observers see an aggressive approach reminiscent of the Obama era.
September 18 -
While the critical defect rate for closed mortgage loans fell on a quarter-to-quarter basis, there were increases in income and packaging-related deficiencies, an Aces Risk Management study found.
September 16 -
An indictment unsealed in a Brooklyn federal court alleged four New Yorkers and one Floridian misled mortgage companies, the government-sponsored enterprises and a government agency regarding short-sale property prices.
September 12 -
South Florida is the nation's capital of mortgage fraud, property data firm CoreLogic says.
September 12 -
Credit decisions were a natural place to start with artificial intelligence, but now banks and credit unions are taking the technology to all parts of their businesses.
September 11 -
Mortgage application fraud risk plummeted in the second quarter as refinance loans poured into the market, according to CoreLogic.
September 11 -
A West Chicago, Ill., property developer is accused by federal authorities of operating a Ponzi scheme that defrauded more than 300 investors in 32 states of at least $41.6 million.
September 11 -
A Pinellas County, Fla., Realtor with a controversial past faces possible revocation of his real estate license.
September 10 -
Paul Manafort, the disgraced former campaign chairman for President Trump, is seeking dismissal of a mortgage fraud case against him in New York because he was already tried on similar charges in federal court.
September 5 -
A growing share of refinances born by lower rates is pushing down risk levels for fraud on a mortgage application, according to First American.
August 30 -
New York State regulators entered into a settlement with a hedge fund in a case of alleged unlicensed and predatory mortgage lending activity by Vision Property Management.
August 28 -
Nearly a decade after Troy Wragg's role in a $54 million Ponzi scheme involving green energy and real estate investments in Tennessee was exposed, the former Philadelphia resident was sentenced to 22 years in prison and ordered to pay $54 million in restitution.
August 21 -
A West Philadelphia real estate developer who bribed a city official to get an inside track on sheriff's sales was sentenced to serve one month in federal prison, followed by nine months of home confinement.
August 16 -
The Federal Housing Administration updated its lender certification proposal originally issued this past May, as it looks to ease industry concerns on False Claims Act enforcement.
August 15 -
Robert Shapiro, the former chief executive officer of Woodbridge Group of Companies, pleaded guilty to running a $1.3 billion fraud that caused more than 7,000 investors to lose money, according to prosecutors.
August 9 -
A Sacramento CEO has pleaded guilty to embezzling funds from his employees' pensions, according to the U.S. Attorney for the Eastern District of California.
August 2 -
Mortgage fraud risk took a serious dive in the second quarter amid lower interest rates, which brought more refinance transactions into the market, according to CoreLogic.
July 25 -
Former Lend America executive Michael Ashley was sentenced to three years in prison for his actions that led to the implosion of the once-high-flying Melville, N.Y.-based mortgage lender.
July 18
















