The United States Attorney General for the Eastern District of Texas, John M. Bales in a press release on September 18th announced that Clifford Wayne Robertson, 42 was indicted September 10th and was formally arrested on the 18th on charges of Federal Bank Fraud and Identity theft. Mr. Robertson, from...

Law makers are trying to pass bills to regulate the mortgage industry however they have meet with resistance from mortgage industry lenders and the Governor Arnold Schwarzenegger himself. Last year Schwarzenegger vetoed one that was similar. Law makers are looking for Governor Schwarzenegger to sign...

The Columbia Journalism Review recently ran an article in which it questioned the media’s used of the word subprime in replace of predatory lending. The article “How Subprime killed Predatory” by Elinore Longobardi, is available to subscribers of the Columbia University Graduate School of Journalism....

The Chief Executive Officers of Subprime Lending Institutions seem to have escaped prosecution in regard to fraud in the mortgage industry.  Attorney Generals across the Nation seem to be doing the “perp walk” for the lower level fraudsters in the mortgage industry but we have yet to see the upper...

Arkansas Attorney General Dustin McDaniel met with members of the Obama Administration cabinet along with Attorney Generals from Arizona, Connecticut, Illinois, Iowa, Maryland, Missouri, Nevada, North Carolina, Ohio, Rhode Island and Washington. The Attorney Generals met to discuss mortgage lending...

The Director of the Federal Bureau of Investigation, Robert Mueller stated on September 16 that there has been a radical increase in mortgage fraud and that health care crimes were on the climb as well. Mueller made the announcement when he addressed the Senate Judiciary Committee in regard to a follow...

The Federal Bureau of Investigation in May of 2009 created a team to defend against mortgage fraud. The team since its inception has been using covert operations, wire tapping, and advanced computer technology to obtain evidence involving economic crimes. The team is known as the National Mortgage Fraud...

United States Attorney for the Eastern District of Virginia, Dana Boente; Chief of Police for the Alexandria Police Department, Earl Cook; Assistant Director in Charge of the Federal Bureau of Investigation for the Washington field office, Joseph Persichini Jr .; and Special Agent in Charge of the United...

The United States Attorney General for the Eastern District of Michigan announced the sentencing of four individuals on September 4th for their conspiracy to committed mortgage fraud. Terrence Berg, Assistant United States Attorney General along with Andrew G Arena, Special Agent in Charge of the Detroit...