United States Attorney for the Middle District of Florida, A. Brian Albritton announced in a press release that Barry C. Westergom, pleaded guilty October 8th for his involvement in a mortgage fraud scheme. Westergom, 60, from Jacksonville according to court documents conspired with Juan Carlos Gonzalez...

Homeowners who are seeking relief under The Obama Administrations loan modification program are hit with yet more frustrating setbacks caused by the lenders. Towana Gooch is a prime example of what homeowners are being hit with now in their fight to keep the roofs over their heads. Ms. Gooch is a single...

United States Attorney for the Eastern District of Virginia, Neil McBride announced in a press release on October 7 that Darrell and Cynthia Underwood from Chesterfield, Virginia were sentenced on charges related to a Ponzi scheme. Chief United States District Judge James R. Spencer sentenced Darrel...

United States Attorney General for Nevada, Catherine Cortez Masto announced in a press release on October 8th the indictment of Las Vegas straw buyers for their part in the scheme to defraud a mortgage lending institution. A third individual has a warrant out for his arrest for his involvement in the...

Myra Holmes was indicted by a grand jury on September 23, 2009 for covering up assets and bank fraud according to a press release announced by United States Attorney for the Northern District of California, Jospeh P. Russoniello on October 8th. The indictment had remained sealed by the courts until...

Jeffrey Scott Graham appeared before United States Court Judge Joan Ericksen in Minneapolis, Minnesota on October 9th. Graham who is 52, from Shakopee, Minnesota pleaded guilty to one count of identity theft and one count of wire fraud in the federal court. The charges stem from an August 5, 2008 indictment...

Two men one from Wichita, Kansas and the other from Carl Junction, Missouri have pleaded guilty for their involvement in a one million two hundred thousand dollar mortgage scheme. The men pleaded guilty in federal court on October 3rd according to the press release announced by United States Attorney...

Economic reporter for the New York Times, Edward Andrews not only reported on the residential housing market boom but he also reported on the housing markets downfall. Andrews himself fell into financial disappear with his own mortgage crisis. Andrews in his book Busted he had done a marvelous job of...

Paula Philbrook, 41, of Brookline and former part-time Hillsborough County prosecutor has pleaded guilty to one count of wire fraud. Ms. Philbrook in her plea confessed to defrauding two mortgage companies. She is scheduled to appear back in court in January and faces federal prison time of up to thirty...