Mortgage Executive Jailed for Failing to Remit Mortgage Payoffs – Mortgage Fraud Blog

South Florida Mortgage Loan Experts – Zerching Loans Mortgage Lending commercial loan officer. First Home says it operates a national Small Business Administration lending platform and a full-service national residential mortgage platform. Last fiscal year, it ranked as.

The indictment charges that the defendants failed to make the mortgage payments as promised and that each of the 17 properties went into foreclosure. Conviction for the crimes of conspiracy and wire fraud each carries a maximum penalty of 30 years in prison, a $1 million fine, or both.

The U.S. Justice Department indicated in a press release that U.S. District Court judge ann aiken sentenced peter wilkinson, 44, of Eugene, Ore., as well as six other people for their roles in a $7 million scheme related to mortgage fraud. According to the press release, Wilkinson knowingly submitted almost 60 bad loans for more [.]

While that may not be surprising, the degrees of. Mortgage Executive Jailed for Failing to Remit Mortgage Payoffs – Mortgage Fraud Blog Surveyor jailed for 6 years for 10m mortgage fraud A senior surveyor who took gifts worth 1m for her part in a 10m mortgage scam for London properties has been jailed for six years. 28 july 2011

Police bust mortgage fraud ring Mortgage servicers collect and process payments from homeowners, as well as handle loss mitigation applications and foreclosures for defaulted loans. (Learn more about how the loan servicing industry works.). Unfortunately, servicers sometimes make errors when it comes to managing homeowners’ accounts.

Preparing to buy your first home. Mortgage Masters Group Home prices in Massachusetts continued to march upward to record highs in November, according to data released Thursday by the Warren Group. to prepare for your Thanksgiving meal, but when you got.

Title Agent Sentenced for Failing to Pay Off Mortgages;. for conspiracy to commit wire fraud in connection with a five year scheme to divert or hold mortgage payoff funds from clients’ closings on 17 maryland properties. Judge Blake also ordered Pierce to pay restitution of $4,174,044.41.

Reading that the former English Defence League leader Tommy Robinson was last week jailed for 18 months for mortgage fraud got me thinking that it’s been a while since I have read a decent mortgage fraud story.. After the last recession, mortgage lenders took a long hard look at themselves and started to focus on the quality of their lending as opposed to the quantity.

Adding to lender woes were declining home values in almost every metropolitan area throughout the United States, sky-high home prices at time of origination, rising mortgage rates, rampant fraud, a deteriorating secondary market, and unmanageable mortgage payments.

Adding new uncertainty in the state’s ongoing mortgage crisis. which they soon stopped paying.” Fraud claims “are the only ones we’re interested in pursuing,” Chris Ganter, the company’s chief.

A former SNC-Lavalin executive, facing criminal charges in connection with. The agency is seeking a court order that would allow it to place legal mortgage on Bebawi’s Montreal condo and seize the.