FBI Launches Criminal Probe into New York AG Letitia James for Mortgage Fraud
ALBANY, N.Y. — The FBI has opened a criminal investigation into allegations that New York Attorney General Letitia James falsified mortgage records related to property purchases in Virginia and Brooklyn, according to…
Mortgage Payments Surge 50% Since Last Year As Homebuyers Get Priced Out
Mortgage Payments Surge 50% Since Last Year As Homebuyers Get Priced Out John Hugh DeMastri on November 10, 2022 As mortgage rates climbed, typical monthly mortgage payments on existing single-family homes with…
Mortgage Rates Spike To Highest Level In Over 20 Years
Mortgage Rates Spike To Highest Level In Over 20 Years Bronson Winslow on October 26, 2022 Mortgage rates have continually increased for 10 straight weeks, with current 30-year fixed rates hitting their…
High Interest Rates Are Strangling The Mortgage Market
High Interest Rates Are Strangling The Mortgage Market John Hugh DeMastri on October 19, 2022 As mortgage and interest rates skyrocket, demand for new mortgages hit its lowest level in more…
Mortgage Rates Jump Above 6% For First Time Since 2008, Making Buyers Feel The Squeeze
Mortgage Rates Jump Above 6% For First Time Since 2008, Making Buyers Feel The Squeeze John Hugh DeMastri on September 15, 2022 Thirty-year fixed-rate mortgages jumped past 6% for the first time…
Bay Area Rapper Mark “Kafani” Hicks And Two Co-Conspirators Sentenced To Prison For Multi-Million Dollar Mortgage Fraud Scheme
SAN FRANCISCO – Bay area rapper Mark “Kafani” Hicks, aka Amir Rashad, was sentenced to 87 months in prison for his role in orchestrating a complex loan fraud and identity theft conspiracy,…
Former Owner and Executive at Long Island Mortgage Lender Sentenced to 24 Months’ Imprisonment for $8.9 Million Fraud
Earlier today, at the federal courthouse in Central Islip, Edward E. Bohm, formerly the President of Sales and part-owner of mortgage lender Vanguard Funding, LLC (Vanguard), based in Garden City, New York…
Former Real Estate Attorney and Wife Sentenced for Mortgage Fraud and Tax Charges
BOSTON – A former Massachusetts attorney and his wife have been sentenced in federal court in Boston in connection with various mortgage fraud schemes. Barry Wayne Plunkett Jr., 62, and Nancy Plunkett,…
Mortgage Loan Officer and Real Estate Agents Charged in Mortgage Fraud Scheme in Central Valley
FRESNO, Calif. — A federal grand jury returned an indictment against German Antonio Lopez-Velasquez, 55, of Modesto; Marko Antonio Lopez, 27, of Modesto; and Lisa Marie Santos, 48, of Long Beach, charging…
Mortgage Company to Pay $20 Million Settlement with City for Denying Loans Based on Location
PHILADELPHIA, PA – A mortgage company has settled to a $20 million payout for targeting minority neighborhoods in Philadelphia, deny loans simply based on where they live. According to the Pennsylvania Attorney…
Justice Department, Consumer Financial Protection Bureau, and Three State Attorneys General Reach Settlements With Trident Mortgage Company To Resolve Lending Discrimination Claims
PHILADELPHIA – United States Attorney Jacqueline C. Romero announced that the Department of Justice, the Consumer Financial Protection Bureau (CFPB), and the Attorneys General of Pennsylvania, New Jersey, and Delaware announced today…
New York Man Admits Role in Mortgage Fraud Scheme Involving Hartford Apartment Buildings
Vanessa Roberts Avery, United States Attorney for the District of Connecticut, announced that JACOB DEUTSCH, 57, of Brooklyn, New York, waived his right to be indicted and pleaded guilty today before U.S.…
Freedom Mortgage Announces Winner of the 2022 Celebrate Freedom Award
Dr. Matthew R. Burke is this year’s winner of the Freedom Mortgage Celebrate Freedom Award. Tweet this A former Safety Superintendent in the U.S. Air Force, Burke was severely injured during his…
LANDSEA HOMES ANNOUNCES LAUNCH OF ‘LANDSEA MORTGAGE’
Homebuyers now have access to a seamless and full-service home financing experience with Landsea Mortgage NEWPORT BEACH, Calif., July 6, 2022 — Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”),…
California Mortgage Lender Agrees to Pay More Than $1 Million to Resolve Fraud Allegations
Spokane, Washington – Vanessa R. Waldref, the United States Attorney for the Eastern District of Washington, announced today that American Financial Network, Inc., a mortgage lender based in Brea, California, has agreed…
Freedom Mortgage Kicks Off 10th Anniversary of the Rucksacks to Backpacks Campaign
Join Freedom Mortgage’s fundraiser to provide school supplies to children of military families via the USO. Tweet this Money raised from the fundraiser will benefit USO locations across the U.S., including Arizona,…
Former Augusta man sentenced to prison for multi-million-dollar scheme to defraud a mortgage lender
AUGUSTA, GA: A former Richmond County man has been sentenced to federal prison for bank and bankruptcy fraud related to his purchase of an Augusta apartment complex. Jerome Walter Kiggundu, 38, now…
Salem Man Found Guilty on All Counts in Decade-Long Mortgage Fraud Scheme
BOSTON – A former self-proclaimed Salem real estate developer has been convicted by a federal jury in Boston in connection with a 10-year mortgage fraud scheme involving at least two dozen fraudulent…
U.S. Attorney’s Office Collects More Than $330k in Restitution from Defendant in Mortgage Fraud Scheme
Acting U.S. Attorney Michelle M. Baeppler announced that the Financial Litigation Program (FLP) of the U.S. Attorney’s Office for the Northern District of Ohio collected $333,549.82 in restitution from a defendant convicted…
Mortgage Loan Officer Charged With Bank Fraud and Aggravated Identity Theft
Orlando, FL –United States Attorney Roger B. Handberg announces the return of an indictment charging Evelisse Hernandez (40, Kissimmee) with four counts of bank fraud and four counts of aggravated identity theft.…
Black Knight’s First Look: Mortgage Delinquencies Hit Yet Another Record Low in April, Driven by Continued Improvement Among Seriously Past-Due Loans
The national delinquency rate fell to 2.80% in April, down four basis points from March, hitting a new record low for the second consecutive month Overall delinquencies are down nearly 40% from…