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Loan defects are inching upward in a market where higher rates could lead to more fraud risk.
March 31
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A federal jury has convicted two businessmen on multiple bank fraud charges related to falsifying loan documents to postpone foreclosure on a parcel of land in Aurora, Ill., worth nearly $2 million.
March 21 -
A $165 million cash settlement has been reached in a class-action lawsuit that alleged investors were misled about the safety of mortgage-backed securities comprised of loans originated by now-defunct subprime lender NovaStar Mortgage Inc.
March 15 -
In a setback for Florida Attorney General Pam Bondi, an appeals court reversed a ruling against a Broward County mortgage company accused of defrauding hundreds of homeowners at the height of the housing crisis.
March 10 -
Most real estate closings are routine for Tom Hundman, a managing attorney with the Frontier Title Co. of Bloomington, Ill., so when something doesn't appear right, he knows to check into it.
March 8 -
A Long Island, N.Y., man was sentenced to prison time and ordered to pay $2.5 million after pleading guilty in June to ripping off distressed homeowners, said Christy Romero, the Tarp special inspector general.
March 7
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Florida's leading real estate industry group cautioned members against replying to a "Final Notice" bill from the Florida Board of Realtors.
March 7
