The United States Attorney’s General Office in Pennsylvania has indicted five individuals on mortgage fraud. The defendants were alleged to have run a scam that pledged to assist homeowners who were in distress and facing foreclosure. The homeowners were then stripped of the equity in the home and...

United States Attorney, Neil H. MacBride announced that a Virginia Beach man has entered a guilty plea in regard to the mortgage loan scheme he participated in. Wayne Maron Benedic Lezama, age 44, from Virginia Beach, Virginia entered his plea on November 23 in the United States District Court in Norfolk,...

Ohio State’s settlement with Countrywide Financial Corporation will go to benefit those homeowners that Countrywide Financial Corporation was accused of unfair and deceptive business practices and to agencies across that state that handle foreclosure counseling services. Fourteen HUD-Certified agencies,...

The Consumer Mortgage Audit Center is reporting according to a poll they conducted of Florida Attorneys that a new wave of in the Mortgage Crisis will happen in 2010. The new will be due to the recasting of subprime option Arm Adjustable Rate Mortgages that are scheduled to recast in 2010. The Consumer...

Acting United States Attorney, Kent S. Robinson announced that Lee Howlett, age 46 and a former Portland, Oregon broker had been sentenced to forty one months in federal prison and three years of supervised release. Mr. Howlett was found guilty in a three million seven hundred thousand dollar mortgage...

Michael McAuley, age 40 from Columbus, Ohio according to court documents has pleaded guilty to one count of conspiracy to commit money laundering for his participation in a mortgage fraud scheme to defraud banks. Court documents reveal that Mr. McAuley, who was employed by Sunrise Mortgage as a loan...

The United State District Judge Michael Barrett sentenced Jessica Zbacnik to thirty months in federal prison when she appeared before him on Thursday, December 3rd.  Ms. Zbacnik, who is forty two years of age pleaded guilty on July 29th of this year to her role in relation to the mortgage fraud that...

Would you know what Predatory Lending is if you were sitting with a mortgage banker or mortgage broker? Thousands of homeowners purchase homes everyday and do not look into this as actively as they shop of deals as an everyday consumer. We trust the brokerage or banker with the faith that they are acting...