MortgageFraud

NY Man Who Dressed as Dead Mom Sentenced for Fraud

A man who dressed up as his mother in a bizarre real estate fraud that involved doctoring her death certificate and cashing her Social Security checks for six years after she died was sentenced Monday to more than 13 years behind bars.

Occupy Our Homes Targets Banks Over Mortgage Mess

A spin-off group from Occupy Wall Street, called Occupy Our Homes, has formed to reverse and stop foreclosures. Lately, the group has been using creative tactics to raise awareness about the banking practices that led to the housing bubble.

Street Gangs Clean Up on White Collar Crime

Violent street gangs that have long focused on drugs and gun running are expanding into white collar crime. According to the FBI, a slew of gangs, including the Bloods, the Crips and the Latin Kings are branching out into mortgage fraud, identity theft, check counterfeiting and bank fraud, among other crimes.

Bank Settlements Bring Homeowners a Bit of Relief

This week brought a bit of good news for some troubled homeowners in the form of two separate settlement activities. The FTC has begun mailing refund checks to 450,000 Countrywide customers, and Wells Fargo reached an $85 million settlement with the Fed that will provide relief to up to 10,000 customers.

Mortgage fraud reports up 26% in 2008

A new study released by the Mortgage Asset Research Institute found that reports of mortgage fraud rose 26% in 2008, even as loan dollar volume fell...

FBI reports housing scams on the rise

dont let this be you getting your home auctioned
As more and more people become desperate to find some way to keep their homes, they turn to "foreclosure rescue" experts and other scam artists, when...