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10 Oct 2010, 7:00 am
JPMorgan and GMAC Mortgage followed suit while an array of other large lenders, including Citi, U.S. [read post]
8 Aug 2013, 10:23 am by Bernadette Duran-Brown
  Last week, the City sent letters to about 30 trustees and loan servicers offering to purchase over 620 mortgage loans, which is the first step in the MRP plan. [read post]
19 Feb 2010, 5:47 am by David M. Trontz
The cities with the highest rates of suspicious activity continue to be Miami, Los Angeles and New York. [read post]
15 May 2011, 8:11 pm
” He said the city provided the link by claiming that Wells Fargo deliberately steered African-American borrowers who qualified for prime mortgages into subprime loans. [read post]
15 May 2011, 8:11 pm
” He said the city provided the link by claiming that Wells Fargo deliberately steered African-American borrowers who qualified for prime mortgages into subprime loans. [read post]
10 Aug 2021, 10:54 am by Caroline A. Harcourt
Harcourt In our June 16 CMA Update, we discussed how the New York City Climate Mobilization Act (CMA) will affect building owners and the market for CMBS mortgage loans (loans pooled and resold as commercial mortgage-backed securities). [read post]
12 Feb 2012, 2:18 pm by SalcidoLaw
This has led many to cry foul claiming student loans are akin to other predatory lending practices like sub prime mortgages or pay day loans. [read post]
17 Nov 2009, 1:57 am
In his plea, he admitted in 2003 he conspired with other defendants to obtain mortgage loans by submitting inflated property appraisals and other false information to lenders. [read post]
31 Aug 2009, 5:58 am by Bruce Jacobs
Banks targeted borrowers in Miami Gardens with subprime, often predatory loans, knowing their clients could not afford their mortgage payments. [read post]
6 Apr 2009, 4:42 pm
These schemes are mortgage fraud, just as lying to a bank in a loan application is mortgage fraud. [read post]
23 Nov 2016, 10:00 am by The Sader Law Firm
Steve Eisman, an investor famous for betting against the mortgage bubble, has claimed Silicon Valley has no experience handling loans. [read post]
8 Jul 2010, 2:56 pm by BCheung
Between 2004 and October 2005, Koppelman and co-conspirator Ramzan conspired to defraud mortgage lending companies throughout New York by misrepresenting to them that part of the mortgage loans proceeds were being used to satisfy the seller’s mortgage loan. [read post]
24 Aug 2017, 7:44 am by Colby Pastre
High-income households usually own large homes with substantial mortgage loans; thus, counties concentrated by wealthy households tend to enjoy the high home mortgage interest deductions. [read post]
20 Jul 2010, 1:30 pm by BCheung
In March 2006, John allegedly submitted documents falsifying her income, employment, liability and intended occupancy for procure home mortgage loans for multiple properties in New York State. [read post]
The DOJ alleges that between 2017 and 2020, the bank refrained from “providing mortgage lending services to majority-Black and Hispanic neighborhoods in Los Angeles County and discouraged residents in these neighborhoods from obtaining mortgage loans. [read post]
25 Jan 2013, 9:39 am by Rick E. Rayl
For the better part of a year, we've been writing about the controversial proposal to use the power of eminent domain to condemn underwater mortgages, allowing homeowners to have a new loan that better reflects the underlying value of the property. [read post]
16 Aug 2012, 9:08 am
Chad Arthur Anderson, 38, and Troy Allen Huston, 42, both of Chisago City, Minnesota, two mortgage loan officers, pleaded guilty to recruiting straw buyers to purchase properties at inflated prices and then distributing the excess loan funds among themselves, the straw buyers, and others involved in the scheme. [read post]
22 Apr 2011, 3:00 am by atussey@mortgagefraudblog.com
Derrick Reuben Smith, 46, Midwest City, Oaklahoma, has been found guilty by a jury of conspiracy to commit wire fraud in connection with mortgage loans. [read post]
19 Jul 2019, 1:15 pm by Stephanie Abbott
Between 2008 and 2009, the defendant conspired with others to defraud The Funding Source (“TFS”), a mortgage bank, and other financial institutions by submitting fraudulent applications for home loans. [read post]