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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.
January 11 -
One in every 123 purchase applications showed indications of fraud in the second quarter, outpacing the first, the report found.
October 6 -
Cases increased at an average of 14.5% from 2021 to 2022, a LexisNexis survey found.
May 17 -
Grand View Financial promised vulnerable homeowners debt payoff assistance, but its clients all ended up losing their properties.
May 16 -
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.
October 13 -
The businesses, like other victims of such incidents, have not identified the culprit nor type of attack.
September 9 -
The Minnesota woman altered documents and failed to file documents as promised in cheating multiple investors between 2018 and 2020.
June 17 -
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.
June 3 -
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.
May 9 -
Eleven other defendants participated in the elaborate scam, which led to approval of unqualified buyers and numerous defaults of FHA-backed mortgages.
January 24