Mortgage fraud

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.