Claude M. Conley, former chairman of the board of Directors for Bank of Alamo was sentenced to one year and one day in federal prison by United States District Judge J. Daniel Breen for his role in providing William Saveh a series of loans after the Federal Deposit Insurance Corporation had notified...

Scott Fawcett, age 29 and a general contractor in the East Naples area was indicted on October 20th with mortgage fraud according to federal court documents. Mr. Fawcett’s business is located at 2630 70th St. SW. The indictment accuses Mr. Fawcett of falsifying information on an application for mortgage...

United States District Judge Tena Campbell read the all fifty seven counts against Jeffrey F. Geddes in count on October 19th as he pleaded guilty to all counts against him. Jeffrey F. Geddes a resident of Park City, Utah, pleaded guilty to fifty seven counts that include bank fraud, wire fraud and...

The numbers are almost unbelievable however forecasters predict that within the next two years the number of home mortgage foreclosures will reach an overwhelming figure of twenty five million. The number of foreclosures since this housing crisis started in 2007 to present is just over eight million....

Originaly by Gretchen Morgenson: FOR decades, when troubled homeowners and banks battled over delinquent mortgages, it wasn’t a contest. Homes went into foreclosure, and lenders took control of the property. On top of that, courts rubber-stamped the array of foreclosure charges that lenders heaped...

The State of California will get tighter restrictions on Lenders in January. Arnold Schwarzenegger, the Governor of California has signed seven new laws that will provide protection to the consumer in regard to lending in the state. The bill AB 260 that was introduced by Ted Lieu (D-Torrance) will tighten...

United States Attorney A. Brian Albritton who presides over a thirty five county district which includes Collier and Lee in Florida announced the indictments of fourteen individuals on Wednesday October 14th. The indictments stem from a Federal investigation called “The Mortgage Fraud Surge”. The...

William E. McKanry, from Warrenton, Missouri has been convicted of conspiracy and fraud surrounding his involvement in a mortgage fraud scheme in the St. Louis Area. Mr. Mckanry who is age 70 and from Warrenton, Missouri owned and operated USA Properties in the St. Louis Area. He along with his son William...