Originaly by Mary Kane: A year after calls for reform, borrowers still forced to waive rights for loan modifications.  WASHINGTON, D.C. — Even as the Obama administration presses the lending industry to get more mortgage loans modified, the practice of forcing borrowers to sign away their legal rights...

Originaly by Yahoo News:  LOS ANGELES (Reuters) – Bernard Madoff, the financier convicted for Wall Street’s biggest investment fraud, was surprised his $65 billion Ponzi scheme was not uncovered sooner, he said in his first interview since entering prison. Madoff, the disgraced 71-year-old Wall...

Originaly by LUIS ANDRES HENAO: 41 people were involved in a $40 million mortgage-fraud scheme, the acting U.S. attorney said. Forty-one people have been charged with taking part in a $40 million mortgage-fraud scheme, federal authorities said Tuesday in Miami. Acting U.S. Attorney Jeffrey Sloman said...

Originaly by FBI, Washington DC:  ALEXANDRIA, VA—Richard A. Forde, also known as Euburn Richard Forde, age 51, formerly of Great Falls, Va., was sentenced today to 42 months in prison for his role in a mortgage fraud scheme from approximately December 2001 to January 2004. Dana J. Boente, United States...

Originaly by Mark Gomez:  A San Jose couple suspected of operating a fraudulent real estate home loan modification business have been arrested in Toronto following a six-month investigation. San Jose police say Amir Rashidifar, 25, and Mary Delvecchio, 28, opened their business, Legal Support Services,...

Originaly by Mara Der Hovanesian: Those nasty pick-a-pay mortgages, the ones that allowed borrowers to pay less than interest thereby adding to principal balances every month, continue to be among the most worrisome mortgages still going bad. And modification efforts are going nowhere. Lots of folks,...

Cleveland, OH - June twenty-three, 2009 - - William J. Edwards, US lawyer for the North District of Ohio, voiced today that an info has been filed against Paul R. Tomko charging him with one count of mail crime in connection with mortgage loans that were got fraudulently. According to court records,...

Originaly by DataQuick: La Jolla, CA.–Lenders filed a record number of mortgage default notices against California homeowners during the first three months of this year, the result of the recession and of lenders playing catch-up after a temporary lull in foreclosure activity, a real estate information...

A Bennett woman has been sentenced to above 3 years in jail for mortgage crime, springing from her work as an independent contractor for Highland Mortgage of Evergreen. U.S. District Judge Marcia Krieger sentenced Linda Carnagie, 61, to 41 months in jail for conspiracy to scam the US, conspiracy to...