Lending institutions that practiced predatory lending in California communities in Los Angeles, Oakland, Sacramento, San Diego and Stockton with high cost subprime loans are failing to prevent foreclosures in those communities. The California Reinvestment Coalitions new report reveals that there is a...

The part owner of Legacy Lending in Minnesota was sentenced on March 5th. Frederick Earle Deen, age 30 was sentenced to twenty four months in prison for his role in a Twin Cities, Minnesota mortgage fraud scheme. The scheme involved over twenty million dollars. The sentence of twenty four months is a...

Massachusetts Attorney General Martha Coakley reached an agreement with Countrywide Financial Corporation or rather the company that took over bought Countrywide out; Bank of America. Bank of America appears to have come to terms with the fact that it is going to pay for purchasing Countrywide Financial...

United States Attorney, Daniel Bogden, said that former United Technologists Chief Calway William Cauley is schedule for sentencing on May 17th. Mr. Cauley was convicted of two conspiracy counts and three mail and bank fraud charges. Calway Cauley, age 68, from California went through a jury trial and...

Darnell Bell, also known as D-Bell a San Diego gang member pleaded guilty to participating in a racketeering conspiracy that involved bank fraud, money laundering and other crimes. Prosecutors in the case say that Mr. Bell was the chief orchestrator of the mortgage fraud scheme. The scheme that resulted...

A study done by The Times revealed that in 2008 black borrowers were twice as likely to have received Subprime Mortgage Loans as their white counterparts in both the Lake and Porter Counties in Indiana. Arthur Julke of Hammond, Indiana and homeowner spoke about his situation. His interest rate is 11.69...

Roberta L. Stutzman, the former Vice President of National Penn Bank was charged on February 23rd, 2010 with embezzlement. Mrs. Stutzman is believed to have embezzled over four million four hundred thousand dollars and using the monies to pay off personal debts, purchase property and automobiles. Mrs....

Homeowners are facing new fraud issues when it comes to foreclosures on their properties. New mortgage fraud schemes are on the raise and homeowners are the victims. One of the increases in mortgage fraud is stemming from the sale of homes being foreclosures on. The scheme goes as follows, the homeowner...

Florida prosecutors have convicted another real estate appraisal on mortgage fraud. The most recent is a Jacksonville, Florida licensed real estate appraiser who was sentenced to four years in federal prison for his crime. The appraiser was not without a conspirator and together they committed mortgage...