Representative Miller speaks in support of HR1728, Mortgage Reform and Anti-Predatory Lending Bill which passed the House today.

Originaly by MFR: In the following press release California Attorney General Edmund G. Brown Jr. announced today that prosecutors from his office have filed grand theft, embezzlement and burglary charges against Maria Elna Flora, 59, of Sacramento, after she “fleeced” retirees out of almost $350,000...

Originaly by Mathew Padilla: Bank of America, Citigroup and EMC Mortgage Corp. are among seven companies that have received permanent exemptions to California’s 90-day foreclosure moratorium, which began last week. More than 20 other lenders and loan servicers, including Wells Fargo and JPMorgan Chase,...

Originaly by John R. Emshwiller and Kara Scannell: Lawmakers on a congressional oversight panel are struggling with whether to ramp up a probe into a controversial home-loan program at Countrywide Financial Corp. that involved former Chief Executive Angelo Mozilo.Rep. Darrell Issa, a Southern California...

Originaly by Larry Zilliox: California investigators arrest two financial advisors and a real estate investor on charges of alleged investment fraud earlier this week. Investors said the company run by Armitage and Guidi, AGA Financial, was nothing more than a big Ponzi Scheme targeting elderly clients. The...

Originaly by Melanie Cleveland: Cuesta Title and Heritage Oaks Bank are accused of helping lender in Ponzi scheme Cuesta Title, based in San Luis Obispo, and Stewart Title — its Houston parent company — have been accused by more than 400 Hurst Financial investors of helping the North County lender...

Originaly by MFR:  In the following press release from earlier today, U.S. Senator Charles E. Schumer and Kings County District Attorney Charles J. Hynes announced that the Kings County Mortgage Fraud and Real Estate Crimes Unit has led to the indictment of 8 individuals and the opening of more than...

Originaly by MFR: In the following press release The Securities and Exchange Commission [SEC] announced that it has filed a complaint in the United States District Court for the Central District of California against Horizon Property Holdings, L.C. (“Horizon”) and its principal, Cydney Sanchez. The...

Originaly by Robert Anglen: A Valley preacher with a worldwide ministry and his wife bought multiple upscale homes with deceptive loan applications, according to a state case accusing a mortgage firm of illegal practices. Clint Rogers, head of Mesa-based Clint Rogers Ministries, and Angela Faith Rogers...