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Tag Archives: Mortgage Fraud

When Mortgage Fraud Hits Home

A Sacramento grand jury charged three people allegedly connected to a more than $7 million mortgage fraud scheme across California. Click through to read more.

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Fraud Watch

Like a tornado watch, CoreLogic's National Fraud Risk Index showing new highs doesn't necessarily mean there is more fraud, however it does mean the conditions are right for fraud to grow. Take a look at what the new fraud schemes are and what old scheme is returning in the Video Spotlight.

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Freddie Mac to Seek Punitive Damages in Deloitte Lawsuit, Report Says

Freddie Mac sued Deloitte for $1.3 billion in a Florida court in September 2014 with regards to fraudulent mortgage loans the GSE purchased from Taylor Bean & Whitaker, according to reports. Freddie Mac says it would not have purchased those mortgage loans from Taylor Bean if Deloitte, which audited Freddie Mac from 2002 to 2009, had paid attention to red flags which indicated fraud.

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Sixteen Charged in Nationwide House Flipping Telemarketing Scam

Sixteen individuals have been charged in relation to a telemarketing scheme to sell houses to investors in most of the U.S., including Michigan, according to a joint announcement by U.S. Attorney for the Eastern District of Michigan Barbara McQuade and Special Agent in Charge of the FBI Detroit Field Office Paul Abbate.

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Report: Mortgage Fraud Risk Increases 3.2 Percent

CoreLogic's latest Mortgage Fraud Report, released Tuesday, shows a 3.2 percent year-over-year increase in fraud risk among mortgages in the U.S. in the second quarter of 2014, as measured by the Mortgage Application Fraud Risk Index.

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Alleged Real Estate Fraud Leads to New York Man’s Indictment

According to SIGTARP, Zherka secured the loans for the purchase and refinance of apartment complexes across the country, lying all the while about the purchase prices of the real estate, the amount of the down payments he was making, and his assets, income, and tax returns. He also misrepresented the circumstances of a court judgment made against him in 2000 for assault and breach of contract, the special inspector general's office said.

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