Mobile Homes and Mortgage Fraud |
Sunday, 02 April 2006 |
How one buyer ended up in a bind over a mortgage WHEN April Underwood Troquille bought a mobile home in Emerson Estates in 2002, she thought she was agreeing to a $60,000 mortgage with payments of $700 a month. But she ended up a few weeks later with an $86,500 mortgage, a payment of $879 a month and, eventually, a house in foreclosure. |
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WFAA News 8 Investigates Loan Fraud |
Friday, 10 March 2006 |
News 8 Investigates: Mortgage Fraud A crime some say is as old as prostitution may be going down in your neighborhood: mortgage fraud. It's happening in record numbers in North Texas, and it is white collar crime at its worst. The criminals are sly. Their methods are difficult to detect and tricky to prosecute. Mortgage fraud can blindside even the most honest peopleâincluding former Dallas Cowboys cornerback Deion Sanders. News 8 Investigates in the first of a two-part series. |
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Wednesday, 01 March 2006 |
Fannie fraud still a 'threat' THE $US11 billion ($14.9 billion) accounting fraud at Fannie Mae stemmed from an "earnings at any cost culture" and the US mortgage giant still posed a systemic threat to financial markets, Randy Quarles, undersecretary for domestic finance at the US Treasury, said. A 17-month internal investigation into Fannie Mae's accounting practices, released on Thursday, exposed no new irregularities and did not implicate any of the government-sponsored enterprise's current management. |
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Predatory Lending Settlement - Victims may get little |
Monday, 30 January 2006 |
Mortgage settlement could fall short for borrowers State leaders say a settlement with Ameriquest Mortgage is an efficient solution that guarantees thousands of Washington homeowners will get some restitution money. But several local attorneys and a former senior assistant attorney general say the terms of the settlement in the predatory-lending case mean consumers may get much less than they deserve. |
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Mortgage Fraud - $325 Million Nationwide Settlement. |
Wednesday, 25 January 2006 |
Ameriquest to pay millions to mortgage customers Thousands of Washington homeowners who were saddled with higher-than-expected mortgage payments because of Ameriquest's lending practices should get some money back as part of a $325 million nationwide settlement. A 49-state investigation led by Washington and six other states found that from 1999 to 2003, Ameriquest inflated home appraisals and made up employment and income information to allow more people to qualify for loans. Some borrowers lost their homes because of it. Others went deeper into debt trying to keep up with their mortgage payments. |
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Kick-Backs for mortgage title insurance company |
Monday, 09 January 2006 |
HUD Settles Kick-Back Case With 9 Memphis Home-Builders Nine Mid-South home-builders will pay the federal government $226,000 to settle a three-year long dispute over an alleged kick-back scheme, according to a spokesperson for the U.S. Department of Housing and Urban Development. |
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Investigations Continue in Ohio |
Friday, 23 December 2005 |
Auditors at door of Dominion Homes State and federal agencies are investigating the business practices of Dominion Homes. The Dublin-based builder has come under scrutiny because so many of its customers canât pay their mortgages and canât sell their houses for what they paid for them. See Special News Reports - Brokered Dreams |
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Tuesday, 20 December 2005 |
Tennessee builders to pay $226,000 in kickback settlement Nine Tennessee home builders will pay $226,000 to the U.S. Treasury in a settlement with the Department of Housing and Urban Development for allegedly getting kickbacks from a Tennessee title company, HUD said today...The builders involved in the settlement announce today are Oaktree Homes, Vintage Homes, Bronze-Christian, P & G Capital Partners, Summit Homes, Lenox Homes, Riverbirch Homes, Richard and Milton Grant Co. and Downing Homes Inc. |
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Mortgage Fraud fastest growing crime |
Tuesday, 20 December 2005 |
MORTGAGE FRAUD RUNS RAMPANT Mortgage fraud is one of the in the United States, the U.S. Federal Bureau of Investigation (FBI) reports. In fiscal year 2005, nearly 22,000 incidents of suspicious activity were reported by the banking industry, up from 17,000 the year before. The FBI reports the loss from this crime was more than $1 billion in fiscal year 2005, compared with $429 million the previous year. |
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FBI Investigation of Mortgage Fraud |
Tuesday, 20 December 2005 |
THE RISE OF MORTGAGE FRAUD How It Impacts You 206 FBI indictments/informations (down from 241 in Fiscal Year 2004). 170 FBI convictions (consistent with 172 convictions in Fiscal Year 2004) $1,014,000,000 (FBI) reported loss (up from $429,000,000 in Fiscal Year 2004 |
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Dallas Morning News Signs of Fraud |
Sunday, 18 December 2005 |
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