Mortgage fraud

Swalwell alleges Pulte obtained and used the lawmaker's personal mortgage records in violation of US privacy laws and constitutional protections for political expression.

Federal Reserve Governor Lisa Cook's legal team argued in a new letter to Attorney General Pam Bondi that the claims "fail on even the most cursory look at the facts."

The push by some Trump officials to bring charges against James had stalled as former U.S. Attorney Erik Siebert determined their wasn't enough evidence.

Researchers at the Philadelphia Fed, in a 2023 report, examined the prevalence of "fraudulent investors" in the mortgage market. Their data set covered 584,499 loans issued between 2005 and 2017, of which 22,431 were deemed fraudulent.

The Federal Open Market Committee member is the third Democrat the Trump administration has accused of committing occupancy fraud.

Members whose districts include Altadena and Pacific Palisades are behind the measure, which calls for an initial 180-day forbearance period.

A Washington, DC tax accountant pleaded guilty for submitting falsified documents in his application for a $1.4 million purchase loan, which he later received.

Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.

An ex-SVP and two managers from Primelending are facing a $35,000 fine for allegedly violating whistleblower protections, and the company is adding training.

The Federal Trade Commission became able to distribute more than $1.2 million after a legal battle in which a Supreme Court decision came into play.

One in every 123 purchase applications showed indications of fraud in the second quarter, outpacing the first, the report found.

Cases increased at an average of 14.5% from 2021 to 2022, a LexisNexis survey found.

Grand View Financial promised vulnerable homeowners debt payoff assistance, but its clients all ended up losing their properties.

One man had paid bribes and kickbacks for improper sales of foreclosure properties, and another had engaged in ownership and wire fraud in a loan relief scheme, the courts determined.

The businesses, like other victims of such incidents, have not identified the culprit nor type of attack.

The Minnesota woman altered documents and failed to file documents as promised in cheating multiple investors between 2018 and 2020.

A Salem, Massachusetts, man was found guilty by a federal jury in Boston of a scheme that led to more than $3.8 million in losses to lenders, the U.S. Attorney's Office announced.

Fraud experts are concerned that credit washing, in which borrowers make false claims about being victims of identity theft, is making its way into mortgages from other forms of lending.

Eleven other defendants participated in the elaborate scam, which led to approval of unqualified buyers and numerous defaults of FHA-backed mortgages.

From 2016 to 2019, the Long Island man stole from Home Point Financial, LoanDepot and United Wholesale Mortgage, and faces 30 years in prison.