United States District Judge Jose Linares in Newark, New Jersey sentenced Wayne Puff, age 61, from Old Bridge, New Jersey to eighteen years in federal prison on January 14th. Mr. Puff was also order to pay restitution in the amount of one hundred one million dollars and receive three years of supervised...

Jeffery Levine the Executive Vice President for Omni National Bank pleaded guilty in federal court. Mr. Levine was the second largest shareholder in the now defunct bank and the head of the Community Redevelopment Lending Department for the bank. He co-founded the bank with Stephen Klein in 2000 and...

Jeffery L. Levine, Executive Vice President for Omni National Bank pleaded guilty for this role in the Atlanta, Georgia banks collapse on Thursday, January 14th.  Mr. Levine is believed to be the first Georgia Bank Executive to be held accountable for his role in the Georgia banking system collapse....

A study called the GAO Report which is a derived from complied data on Alt – A and Subprime Mortgage loans in regard to loan performance was recently released. The numbers show that Subprime Mortgage loans between the years 2000 and 2007 have a fourteen percent foreclosure rate and that an additional...

Samuel Jean-Louis, age 25, from Florida pleaded guilty to mortgage fraud before United States District Judge George A. O’Toole Jr., in Boston, Massachusetts. Mr. Jean-Louis according to the announcement made by United States Attorney Carmen Ortiz; along with Special Agent in Charge of the Federal Bureau...

United States Attorney Jim Letten announced that Texas resident Jodie Hoang was sentenced by visiting United States District Judge Frederick Block from the Eastern District of New York. Jodie Hoang, age 34, originally pleaded guilty back on September 15 of 2009. Ms. Hoang according to court recorded...

Matthew Sutphen and his wife Angela were arrested in the Second District Court in Lindenhurst while they were waiting for their scheduled appearance in a real estate dispute that is unrelated to what they were arrested for. The couple from Massapequa; were arrested on charges of Identity Theft and Mortgage...

This paper argues that one cause of the current economic crisis was that the federal Truth in Lending Act failed to provide mortgage borrowers with the tools to determine whether they would be able to meet their loan obligations, and that as a result many borrowers assumed loans on which they would later...