Sentences with phrase «loan fraud according»

Not exact matches

In 2011, Rep. Gregory Meeks (D) was under investigation by the House Ethics Committee on charges he failed to disclose a $ 40,000 loan from a Queens real estate broker who had been investigated for fraud, according to a published report.

The failed real estate deal also led to federal fraud charges in 2010 against the escrow agent involved in the loan transaction, according to an indictment in Manhattan Federal Court.

A prominent New York City landlord, Steve Croman, was sentenced to a year in Rikers Island for tax and loan fraud, a rare prison term in such cases, according to the attorney general.

So - called romance scams — in which fraudsters smother victims with professions of love then plead for large «loans» to cover invented emergencies — appear to be on the rise, according to federal law enforcement and fraud experts.

According to its 2010 Mortgage Fraud Trends Report, CoreLogic says that «on average, lenders are reporting 55 basis points of fraud on conforming loans, and 122 basis points of fraud on Federal Housing Administration (FHA) loans.»

The growing popularity of jumbo loans is increasing the potential for mortgage fraud with these high - priced loans, according to a new report.

Mortgage fraud, an umbrella term, is «a crime characterized by some type of material misstatement, misrepresentation, or omission on a loan which is then relied upon by a lender,» according to the FBI.

South Forida has become the nation's top market for mortgage loan fraud and has led the nation in mortgage fraud for the past five years, according to research by LexisNexis Mortgage Asset Research Institute.