Originaly By James Comtois: U.S. District Judge Richard J. Holwell sentenced eight defendants in a New York federal court for their roles in a multimillion-dollar subprime mortgage fraud scheme. According to Lev L. Dassin, acting U.S. attorney for the Southern District of New York, from 2004 through...

When banks file foreclosure actions, one lawyer shows that the banks can’t prove they really own these loans at all, with April Charney, legal aid and Dan Mitchell, Cato Institute.

Originaly by The Times-Picayune: The alleged ringleader of a New Orleans mortgage-flipping scheme was sentenced Thursday to 40 months in prison by U.S. District Judge Martin Feldman. Calvin Davis, 48, had pleaded guilty to mail fraud and lying on federal forms. He admitted buying numerous properties,...

Originaly by Bill Rankin: At 92, unsteady on his feet and hard of hearing, Harold Williams needed someone to care for him. After returning to his Decatur home from a stay in a rehab center, Williams answered an ad placed by Rukhsana Burton’s caregiver company, signed her up for $14 an hour and had...

Originaly by Stephanie Armour, USA TODAY: Howard Weiss is 77 and scared. This year, the semiretired distributor from Phoenix ran into financial problems and stopped making his mortgage payments. He was told his home was scheduled for a foreclosure auction in May.   CHART: Seniors feeling poorer   So...

If you have a mortgage with Countrywide Financial, may want to check your credit report. This advice follows the arrest of a Countrywide employee the FBI says sold Social Security numbers and other sensitive information on as many as 2 million customers.     The arrest was the result of a joint investigation...

FORT MYERS, Florida (CNN) — With eyes tearing, some stare off into space. Others sit quietly with an expressionless pain as they wait for the inevitable. When you are called before this court, it’s the end of the line. You are about to lose your home. This is foreclosure court in Fort Myers,...

Originaly by TMFR: On June 4, 2009, investigators from the San Bernardino County Real Estate Fraud Prosecution Unit arrested a Rancho Cucamonga real estate agent in a fraud scheme that has defrauded scores of victims in the county. Richard Nazabal, 51, was arrested without incident at his home in the...

by Amie Breton: Attorney General Martha Coakley Obtains Judgment Against Brockton Attorney for Her Alleged Role in Mortgage Fraud and a Foreclosure Rescue Scheme BOSTON – Attorney General Martha Coakley’s Office has entered into a judgment with Brockton attorney Valerie Hanserd resolving allegations...