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…
Americans Ring In 2022 With Highest Mortgage Rates Since The Pandemic Started
Harry Wilmerding on January 6, 2022 Mortgage rates soared to their highest level since the beginning of the pandemic in the first week of 2022, according to Freddie Mac. The 30-year fixed-rate…
Augusta man convicted of multi-million-dollar scheme to defraud a mortgage lender
AUGUSTA, GA: An Augusta man has been convicted of fraud by a federal jury who found he committed fraud when he borrowed nearly $3 million to refinance an Augusta apartment complex, and…
Former President of First Mortgage Company Sentenced to Serve 104 Months in Federal Prison and Pay More Than $51.8 Million in Restitution to Victims
OKLAHOMA CITY – RONALD J. MCCORD, 71, of Oklahoma City, was sentenced this morning to serve 104 months in prison for defrauding locally-based banks, Fannie Mae, homeowners, and others through a broad…
Taunton Man Charged with Pandemic Unemployment and Mortgage Fraud
BOSTON – A Taunton man was arrested today in connection with making alleged fraudulent Pandemic Unemployment Assistance (PUA) claims and for making false statements in support of a residential mortgage application. Clark…
Foreclosures Reportedly Spike As Pandemic Mortgage Benefits End
Home foreclosures across the U.S. are starting to spike as COVID-19 pandemic benefits begin to expire, CNBC reported. Private mortgage lenders started the foreclosure process on 25,209 homes in the third quarter…
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