mortgage fraud schemes

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.

Bank of America Sued for Countrywide's Mortgage Sins, Again

On Monday, a group of institutional investors sued Countrywide and Bank of America over Countrywide's mortgages practices. The bank is accused of issuing vast numbers of loans using methods that went beyond lax standards and into fraud, with the sole goal of repackaging them into securities to resell with inflated ratings.