Originaly by Paul Meincke: June 12, 2009 (BERWYN, Ill.) (WLS) — A Chicago woman is battling to keep the home she has owned for 40 years. Lessie Towns is a victim of mortgage fraud, and she could lose her home, despite the fact she has never missed a mortgage payment. Towns, who is 75 years old,...

Originaly By Don Miller: U.S. President Barack Obama took a swipe at Wall Street yesterday (Wednesday) as he unveiled a sweeping 85-page proposal to reinvigorate government regulation of the U.S. financial markets by giving the Federal Reserve new powers to supervise the economy. The proposal is part...

By INDenverTimes: A Denver Grand Jury on Wednesday indicted a real estate developer accused of scamming nearly $4 million from investors in a Jefferson County real estate project called Eagle View LLC. Jack D. Arbess, 49, of Denver, is charged with violating the Colorado Organized Crime Control Act...

Originaly By Robert Moran: A South Philadelphia mortgage broker charged with a murder-for-hire plot was sentenced yesterday to more than 12 years in federal prison for a separate mortgage-fraud scheme. Mahn Huu “Bruce” Doan, 40, was sentenced by U.S. District Judge Michael M. Baylson to 151...

Originaly by Guillermo Contreras : Federal jurors in the foreclosure-rescue scam trial of Rosario Castro Divins never saw her rap sheet that includes five convictions for trespassing, stalking and harassment. They don’t know about the lawsuits filed against her over 30 years, the shoddy construction...

Originaly By Nadia Vanderhoof: Since March, Leroy Stennett has spent more than 10 hours talking to seven people in five departments at Bank of America about getting his mortgage modified. In 2006, Stennett and his wife purchased a house in Port St. Lucie for $285,000, putting $95,000 down and adding...

Originaly By James Comtois: U.S. District Judge Richard J. Holwell sentenced eight defendants in a New York federal court for their roles in a multimillion-dollar subprime mortgage fraud scheme. According to Lev L. Dassin, acting U.S. attorney for the Southern District of New York, from 2004 through...

Originaly by The Times-Picayune: The alleged ringleader of a New Orleans mortgage-flipping scheme was sentenced Thursday to 40 months in prison by U.S. District Judge Martin Feldman. Calvin Davis, 48, had pleaded guilty to mail fraud and lying on federal forms. He admitted buying numerous properties,...

Originaly by Bill Rankin: At 92, unsteady on his feet and hard of hearing, Harold Williams needed someone to care for him. After returning to his Decatur home from a stay in a rehab center, Williams answered an ad placed by Rukhsana Burton’s caregiver company, signed her up for $14 an hour and had...