mortgage scams
| 8:30AM 11/17/2010
Two mortgage firms were accused of telling elderly property owners they would received up-front cash for their land, but paid in trickles or forced them to accept lower amounts of money.
Texas Attorney General Greg Abbott filed suit against Enhance Mortgage Corporation and Templeton Mortgage...
| 12:00PM 7/19/2010
Mortgage fraud is on the decline even among subprime loans, according to a new report, but some parts of the country continue to stubbornly buck that trend. Overall, CoreLogic found that fraud was down by 25% nationwide since its 2007 peak.
Tim Grace, senior vice president of fraud analytics,...
| 3:30PM 6/01/2010
The Federal Trade Commission has named new defendants and added new charges to its lawsuit against an operation that allegedly defrauded homeowners trying to lower their mortgage payments. The action is part of an ongoing crackdown on scams targeting consumers behind in their mortgage payments or...
| 9:30AM 4/08/2009
The FBI arrested 23 members of an alleged mortgage scam starting at 6 a.m. this morning in San Diego, according to an exclusive report on ABC News. This case is just one of 2,100 mortgage fraud cases that FBI is currently investigating.
Federal agents believe this scam involved loans on more than...