Attorney General for the Eastern District of Missouri, Michael Reap in a press release announced the indictment of Aaron Duncan, the Chief Executive Officer and Owner of The Duncan Group, for mail and wire fraud and money laundering. The indictment states that Duncan back in December of 2005 owned and...

A Federal Grand Jury indicted J. Larry Kennedy and Keith M. Kennedy with thirty eight counts of wire and mail fraud, and laundering money for their roles to in the conspiracy to defraud mortgage lenders in a nine million dollar mortgage scheme. United States Attorney Stan Harris in a press release alleges...

Countrywide Financial lost in its petition for relief from investor lawsuits against the Megabank. Countrywide Financial was seeking relief from investor lawsuits under the new legislation Helping Families Save Their Homes Act of 2009. The legislation provides that mortgage servicers that agree to modify...

Hassan Nemazee, 59, a major fundraiser for the Democratic Party was arrested August 25 on charges of bank fraud and sent a night in jail before posting bond the following morning. Nemazee was released on twenty five million dollar bond which he posted using Manhattan apartment on Park Avenue and his...

Eric Wayne Moen, 36, from Park Rapids, Minnesota was charged on August 18, 2009 for his involvement in mortgage fraud and growing marijuana plants in the home obtained by that mortgage fraud according to a press release issued by United States Attorney for the District of Minnesota, B. Todd Jones. The...

Carrington Mortgage is a prime example of how some mortgage companies are benefiting from loan modifications. The lending industry has provided relief to at least four million homeowners over the last two years according the federal government, however not all loan modifications are equal. One homeowner...

Homeowners are still dealing with the frustration of loan modifications and getting angrier with every phone call, email and letter sent. The issues haven’t changed much from the onset of the Making Home Affordable Plan. Homeowners are still reporting that paperwork is being misplaced, that they are...

Charles M. Davis, 34, of Rogersville, Missouri, pleaded guilty on August 11th for this participation in a $1.2 million dollar mortgage fraud scam. Davis according to the U.S Attorneys office was a Mortgage Broker who owned Master Marketing Consultants in the Springfield area. Davis for his part in the...

Umberto Fusaro came from Italy and settled in Stamford, Connecticut. He was a construction worker and saved his money to purchase the pair of matching homes on West Main Street that were built by twin brothers originally from Russia and it only seemed fitting to purchase the homes as he was a twin himself....