Archive for fraud
Private Mortgage Insurance Under Fire = New Opportunity For Whistleblowers
by Brian Mahany and Anthony Dietz The Consumer Financial Protection Bureau – CFPB for short – was formed less than 2 years ago but has proven itself to have some muscle. Although Congress… Read more
Miami Loan Officer Convicted For Fraudulent FHA Condo Sales Using Downpayment “Gifts” With Nehemiah, et al.
It’s the Fourth of July as I write this post. As we celebrate Independence Day and this great democracy, I am reminded that one of the fundamental values of this nation is that no man is above the… Read more
On the Trail of a New Species of Fraud
The discovery of a previously unknown form of life, any kind of life, fascinates us. The innate fascination with the discovery of a previously unknown form of life, extinct or living, fuels many… Read more
The “Nine Lives” Of Allied Home Mortgage – HUD Goes For Kill Shot
Folk legend says cats have 9 lives. People don’t. Anyone following the storied career of Jim Hodge and Allied / AllQuestHome Mortgage might feel otherwise. We are confident, however, that the game… Read more
Breaking News: Lloyd’s Bailing on Embattled Allied Home Mortgage
By now, most of our readers and many in the mortgage industry know that we have the largest federal false claims action in the U.S., HUD’s $2.4 billion case against Allied Home Mortgage and CEO Jim… Read more
Bank of America Freddie Mac and Fannie Mae Denials for Modification Sent Out In Error due to ‘System’ Mistake
Letters have been going out erroneously to borrowers with Bank of America letterhead stating the following: Bank of America, N.A. 5401 N Beach St TX2-977-01-34 Forth Worth, TX 76137 borrower… Read more
Law Firm Pays $4 Million, Settles Foreclosure Abuse Probe
We are not big fans of the large mortgage lenders and servicers. MERS (Mortgage Electronic Registration Systems Inc.) is pretty far down on our list too. But besides from being overworked and… Read more
Whistleblowers Reaping Millions From Mortgage Crisis
Since February, all the focus of mainstream media has been about how much of the $25 billion mortgage settlement will filter down to homeowners. For many the relief comes too late, although… Read more
Think You Have A Good Mortgage Fraud Case?
Many serious cases of fraud are not readily discernable. That should come as no surprise – those perpetrating the fraud spend much time and energy concealing it and convincing their victims that all… Read more
Net Branches – Recipe for Mortgage Fraud
Mortgage net branches – they are everywhere. If set up properly they help people get into the mortgage business with low start up costs. The benefits include access to a national network, more… Read more
