Mortgage fraud rife among banks
Mortgage fraud rife among banks: economists - Broker Daily
Two Australian economists have warned that home loan fraud is rife in the banking system, alleging that lenders fudge loan applications and ...
Mortgage Fraud on the Rise Again! - Secure Insight
The rise in fraud is tied to the recent shift from refinance business to primarily purchase money mortgages. As everyone knows the purchase market is much ...
Staying Alert to Mortgage Fraud - FDIC
First, the bank's monitoring procedures were not sophisticated enough to establish a connection between either the borrowers or the appraisals ...
Fraud rife in banking system, with lending practices threatening ...
Fraud is rife in the banking system as banks systematically fudge the numbers on loan applications to make borrowers look more creditworthy ...
Technology Can Deter Mortgage Fraud and Predict Possible Bad ...
During that time we found a 23% high risk knock-out rate among approved and active agents on lender lists. Since SSI began vetting the high risk rate is 2%.
Sterling Bancorp, Inc. to Plead Guilty to $69M Securities Fraud
In connection with loans originated through the ALP, the Bank's loan officers falsified, caused to be falsified, and concealed various ...
Sharp spike in mortgage fraud, while rental scams also on the rise
The bridging finance specialist says it has carried out fresh market analysis revealing that mortgage-related fraud has increased by 32.8% in ...
Banking company pleads guilty to mortgage fraud - Buckley LLP
According to the DOJ's announcement, the bank holding company and its wholly owned subsidiary were under investigation over allegations that ...
Mortgage Fraud Report 2009 - FBI
According to MortgageDaily.com, bank failures doubled from 2008 to 2009. Coupled with the nearly double increase in regulatory actions against U.S. financial ...
Bank of America Lied to Homeowners and Rewarded Foreclosures ...
Former Bank of America employees gave sworn statements that the bank lied to homeowners, denied loan modifications for bogus reasons and rewarded employees for ...
Sterling Bancorp Inc. To Plead Guilty to $69M Securities Fraud
DOJ says bank's residential mortgages were 'rife with fraud.' Sterling Bancorp, based in Michigan, has agreed to plead guilty to securities ...
Home loans: Mortgage fraud 'rife in Australian banks', economist ...
MORTGAGE fraud by brokers and banks could bring on a financial meltdown, an economic researcher has warned.
14 Linked to Mortgage Fraud Indicted in Ventura County
The applications were rife with false information, such as false employment, inflated income, and references to bank accounts that the borrowers did not ...
Manhattan U.S. Attorney Files Mortgage Fraud Lawsuit Against ...
What's more, even after concerns were raised internally at the bank, Wells Fargo began self-reporting bad loans in a significant way, as ...
Mortgage Fraud: Understanding and Avoiding It - Investopedia
Current investigations and widespread reporting indicate a high percentage of mortgage fraud involves collusion by industry insiders, such as bank officers, ...
Mortgage fraud on the up - PropertyWire
Mortgage-related fraud has increased by 32.8% in the past year, analysis from bridging lender Apex Bridging has revealed.
The Mortgage Market: What Happened? - NPR
Federal officials estimate mortgage fraud totaled from $1 billion to $6 billion in 2005 alone. One strategy involved organized groups that sold ...
Mortgage fraud caught on camera: Undercover investigation - Reddit
Eventually 55% of mortgages bought by these entities had to be to people below the median income of the area. Rather predictably, these people ...
NYCB and Meridian Rode the Property Boom Together. Now ... - WSJ
Federal prosecutors are investigating landlords and suspected mortgage fraud, according to people familiar with those efforts. ... banks that are ...
Don't Get Suckered Into Short-Sale Fraud or These Other Mortgage ...
Millions of Americans are on the brink of foreclosure and crooks are using the opportunity to amp up their mortgage fraud business. This type of ...