Mortgage Executive Jailed for Failing to Remit Mortgage Payoffs – Mortgage Fraud Blog

Much of the mortgage scheme, which resulted in Hudalla receiving $335,000 in kickbacks, involved condominium units along 60th Street in Oak Park Heights, the county attorney’s office said. Besides the.

Ex-mortgage broker jailed for mortgage fraud Former mortgage broker Michael Lewis has been sentenced to two years in prison for two counts of mortgage fraud and 10 counts of continuing to give mortgage advice despite being banned by the FSA.

“It’s the most egregious manifestation of an industry that’s seriously broken,” said Ira Rheingold, a lawyer who is the executive director of. the Bowers continued to send in their mortgage payment.

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Mortgage Servicing Fraud is rampant. fabricated foreclosures are the current wave, where the new servicer loses payments, delays postings, force-places additional insurance and forecloses without.

If you fail to make one or more payments on your mortgage loan, your loan is in default. The servicer may then order "default-related services" to protect the value of the property. These services may include property inspections to make sure you are still living in the home and maintaining the property.

After 10 years, the fight over Lehman Brothers’ mortgage claims is over. Trustees for the rmbs holders failed to meet a “burden of proof” to show lehman breaches on the 72,000 mortgages, Chapman.

Three arrests later, investigators now are sifting through the paperwork on some 80 closings done at title companies in Shoreview and Burnsville in an alleged mortgage-fraud ring that they. In.

Bank and financial institution fraud cases have garnered much attention. With a near collapse of the U.S. financial system that was recently thwarted, members of Congress and the public are looking for ways to strengthen the regulatory system in order to prevent a financial meltdown from ever happening again.

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Reading that the former English defence league leader tommy robinson was last week jailed for 18 months for mortgage fraud got me thinking that it’s been a while since I have read a decent mortgage fraud story.. After the last recession, mortgage lenders took a long hard look at themselves and started to focus on the quality of their lending as opposed to the quantity.

And they say it shows that banks and mortgage processors haven`t acted aggressively enough to put an end to widespread document fraud. an executive`s signature, or a lower-level employee signs his.