title and escrow companies to send money to a fraudulent account during the disbursement process. For example, this could be a seller net proceeds or mortgage payoff that is diverted. Title and Escrow Companies The threat from wire fraud is wide. It’s international in nature. It’s difficult to track.
Mortgage Fraud News: Preforeclosure Sales Abuse . Fannie Mae has become aware of a new variant of property flipping involving preforeclosure (short) sales. The trend we have observed involves a perpetrator who submits a short sale offer to purchase a preforeclosure property at a price less than the current indebtedness.
police & fire Mortgage Fraud Conviction = 3 Years in Jail for Stamford Resident The former mortgage broker has been ordered to repay more than $3.3 million.
Mortgage broker jailed for fraud A fraudulent mortgage broker has been sentenced to two and a half years in prison following an investigation by financial investigators from the Metropolitan Police Service.
SHOPPING SUPER MALL: April 2008 Set inside an old train station, this unique shopping mall is the first in Spain to open every day of the year. It offers well-known brand stores, a food court, and entertainment options. Mercado San Miguel.. #30 of 332 Shopping in Madrid
Millender served as chief executive officer of MEMG. a birthday party and other personal expenses. Millender also failed to disclose any of the income he received from the MEMG and KCU fraud.
Modern Cases Of Bank Or Financial Institution Frauds. When the smoke cleared, investors lost more than $200 million in assets (a record for the time) and keating spent 4-1/2 years in jail. The Federal government created the Resolution Trust Corporation in 1990 to deal with failing savings and loans across the country.
Mortgage Sub-Servicer Sent to Prison for Stealing Payoffs;. after pleading guilty to four counts of wire fraud for failing to forward monthly remittance payments to. The information and notices contained on mortgage fraud blog are intended to summarize recent developments in mortgage fraud.
The one-time Trump campaign chairman still faces mortgage fraud. Timothy Rigas was an executive at the Pittsburgh-based cable TV company Adelphia Communications when he and his father John Rigas.
2115 NE 4th Ave, Gainesville, FL 32641 Ex-NBA Player Tate George Sentenced To 9 Years For Fraud – TRENTON, N.J. (AP) – Former NBA player and University of Connecticut star Tate George was sentenced in a New Jersey federal court Thursday to nine years in prison for running a real estate Ponzi scheme.. A federal judge in Trenton also ordered George to pay $2.5 million in restitution and serve three years of supervised release.
Productivity and cost-cutting took a pounding last year as servicers were swamped with payoffs and new loan setup costs. A servicing performance study shows direct servicing costs climbed to $71 per loan, from $58 in 1992, for the very largest servicers. With 1993 behind us, many in the mortgage.