Mortgage Banking Archives

Feb 1
Real Estate Appraisers Allege Lender Fraud
The charges are really nothing new; real estate appraisers complaining about demands by loan officers that appraisals be changed to meet the expectations of the lender. The charges have been taken a little further in a suit filed by a...
Jan31
More Mortgage Fraud, This Time By Ex-cop
More and more cases of mortgage fraud are coming to light now that the mortgage and foreclosure crises has put the industry under the spotlight. This time, it is a former Florida Sherriff’s Deputy and his wife who have been... Continue Reading
Jan30
FBI Investigates Mortgage Fraud
Although they won’t name the firms involved,  the FBI has begun investigations into fourteen sub-prime mortgage lenders. The number of fraud complaints fielded by the FBI have grown from 3,000 in 2003 to 48,000 on 2007. Neil Power, chief of... Continue Reading
Jan29
Baltimore Sues Wells Fargo Over Mortgage Practices
A new type of lawsuit has emerged as the mortgage and foreclosure crisis continues to gain steam. The City of Baltimore has sued Wells Fargo, a major player in the mortgage market, alleging that the lender engaged in predatory and... Continue Reading
Jan28
Iowa AG Works to Stop Mortgage Fraud
Iowa Attorney General Tom Miller has proposed bills that he says would protect Iowa consumers from many of the problems associated with the housing, mortgage, and foreclosure crisis. Miller has called for legislation on four separate issues which he says... Continue Reading
Jan25
Fannie Mae, Freddie Mac Tighten Fraud Reporting
The Office of Federal Housing Enterprise Oversight (OFHEO) has tightened the rules which Fannie Mae and Freddie Mac must follow to report and minimize mortgage fraud. This comes at the end of a year in which the two agencies lost... Continue Reading
 


Ethics Now A Part of Foreclosure Counseling
Another Mortgage Broker Caught in Fraud
Citigroup Takes Huge Mortgage Industry Loss
Program Stops Consumer Mortgage Fraud
The Mortgage Crisis Includes Cases of Fraud
Foreclosures – Where Was The Oversight?
Sub-Prime Loan Culpability – Who Is Not To Blame
Sub-Prime Loan Culpability – Meting Out Punishment
Sub-Prime Loan Culpability – Assessing Blame
Sub-Prime Loan Culpability – The Mortgage Lenders
Sub-Prime Loan Culpability – The Government

Mortgage Banking Archives

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