Originaly by: Responsible Lending The magnitude of foreclosures and associated costs are daunting; the numbers tell the story. 1. Number of loans already lost to foreclosure 1.5 million 2. Projected foreclosures on all types of loans during the next 5 years 13 million 3. Portion of all homeowners late...

By Karin Price Mueller Q. My granddaughter, 20, and in college, found out a close family member had defaulted on two credit cards and a cable company account, all of which appear as negatives on her credit reports. I told her to write to the three credit reporting agencies, but she was told these accounts...

Acting United States Attorney for Oregon, Kent Robinson announced on November 19 of this year the indictment of thirteen individuals in regard to mortgage fraud in both the commercial real estate and residential real estate arenas. The indictments revolve around Desert Sun Development Inc and its principals....

The United States District Attorney for Queens, New York, Richard A. Brown, announced in a press release last month that Harry Coumnas, age 50, has been indicted for second degree attempted grand larceny, second – degree criminal possession of a forged instrument and other charges related to his involvement...

The United States Attorney for the Eastern District of Virginia, Neil H. MacBride along with Assistant Director in Charge of the Federal Bureau of Investigation Washington Field Office, Joseph Persichini Jr.  in announced on December 1 that Michael Milan, age 49 from Bethesda, Maryland had pleaded guilty...

Acting United States Attorney for the Southern District of Florida, Jeffrey Sloman along with Special Agent in Charge, Federal Bureau of Investigation in the Miami Office, John V. Gillies and Special Agent in Charge for the Internal Revenue Service Criminal Investigation Division, Daniel Auer announced...

Terrance Tucker, age 65 and Sonya Tucker, aka Cheri Tucker, age 65 have been sentenced to ten years in prison for bank fraud and five years of probation. The couple was live in Thousand Oaks, California pleaded guilty to two counts each of bank fraud. The United States District Court Judge, Manuel L....

James Jett, 31 of Byron Township, in Michigan was arrested and released on bail on Thanksgiving Day according to local authorities. Local authorities exercised a warrant for Mr. Jett’s arrest based on charges related to mortgage fraud. Lt. Sheriff, Kevin Kelley from the Kent Country Sheriff’s Department...

SunTrust has filed suit against investors from Florida and Pennsylvania claiming that the investors made fraudulent states in regard to their income in order to obtain substantial construction loans in 2007. The Federal Bureau of Investigation is investigating if thirteen purchasers in a prominent Jackson...