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Mortgage Fraud

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When I spent an hour interviewing Angelo Mozilo on stage last week for the American Pacific Mortgage Summit, one of the issues we discussed was the competitive environment for lenders, and the.

Mortgage fraud is committed if a person intentionally or knowingly makes a materially false or misleading written statement to obtain a mortgage loan. Examples of criminal mortgage fraud includes, but is not limited to, illegally inflating property appraisals; concealing a second mortgage from a primary lender; and concealing or stealing a.

The Federal Bureau of Investigation has indicated that federal agencies have developed new techniques to combat mortgage fraud and stop criminal behavior. With investigators cracking down on suspected mortgage fraud, it is time to get legal representation now. Call today to speak with a New York City mortgage servicing fraud lawyer for help.

This is a second mortgage placed on an asset for down payment funds but isn’t disclosed to the original lender on the first mortgage. A borrower without a down payment can commit mortgage fraud by borrowing the down payment from the seller in exchange for giving the seller a silent second mortgage.

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By knowing how their scams work, the FTC says you’ll be better able to defend against fraud. Phony Counseling or Phantom Help. The scam artists tell you that if you pay them a fee, they’ll negotiate a deal with your lender to reduce your mortgage payments or to save your home. They may claim to be attorneys or represent a law firm.

John Michael DiChiara, the self-styled Archbishop of Shon-te-East-a alleged to have helped perpetrate a complex mortgage fraud scheme, may never stand trial. DiChiara was arrested in September 2015.

Adding insult to injury, Apple asks Samsung to pay legal fees floridamortgagelenderss.blogspot.com Apple asked that the order be vacated, arguing such a move would set a dangerous precedent and threaten customer security. Tech industry leaders including Google, Facebook and Microsoft and more than two dozen other companies filed legal briefs on Thursday supporting Apple.

According to mortgage-fraud researchers, income misrepresentations on home- loan applications were up 22.1 percent in the second quarter of.

NEW YORK (Reuters) – Paul Manafort has been charged in New York with residential mortgage fraud and other felonies, as state lawmakers move to ensure that U.S. President Donald Trump’s former campaign.

It’s cheaper to buy than rent in Atlanta GOBankingRates found that despite rising home prices throughout the state, it is more affordable to own a home than renting a single-family home in Georgia. The average monthly rent in Georgia is $1,214 while the monthly mortgage payment is $1,122.

This December marks ten years since the housing market crash. And now, mortgage fraud is ticking up nationally making some in the housing industry worry we could be heading in the wrong direction..