Sentences with phrase «loan fraud by»

Not exact matches

Domino's has also been battered by investors as it battles a wage fraud scandal, a questionable business model and an exposé by colleague Joe Aston that its chief enthusiasm officer Don Meij was selling his stock including in the same trading session as the company was buying its own shares, as well as his multiple margin loans.

Steven Croman, described by the state AG as the «Bernie Madoff of landlords» in NYC, has pleaded guilty to three felonies for fraudulently refinancing loans and committing tax fraud.

And Derek Draper and Damian McBride have been creating it in large quantities, and they're by no means the first or the most obvious examples, given the loans - for - peerages scandal, various bits of chicanery around the Iraq war and subsequent investigations (e.g. David Kelly), ministerial expense fraud (or at least it would be fraud if you or I tried the same thing on our tax returns), pretty much anything to do with Peter Mandelson and the various leaks, briefings and spin cycles that have characterised the Labour party for the last fifteen years.

He noted Towns, who chairs the House Committee on Oversight and Government Reform, was noncommittal when asked by Rep. Darrell Issa, a California Republican, to subpoena records from the «Friends of Angelo» loan program through which the former CEO of Countrywide Financial charged with fraud and insider trading by the SEC provided sweetheart mortgages to Connecticut Sen. Chris Dodd and others.

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.

In addition, former town attorney Genova recently settled a civil suit brought by the Securities and Exchange Commission alleging he committed securities fraud for his role in assisting an unnamed town concessionaire in getting loan guarantees from the town, and then not telling investors about the situation.

The department has been investigating other for - profit colleges with similar reputations for misrepresenting career opportunities and has begun a formal process for forgiving student loans after instances of fraud by universities.

Under the law, you may be eligible for loan forgiveness (a discharge) of the federal Direct Loans you took out to attend a school if that school committed fraud by doing something or failing to do something, or otherwise violated applicable state law related to your loans or the educational services you paidLoans you took out to attend a school if that school committed fraud by doing something or failing to do something, or otherwise violated applicable state law related to your loans or the educational services you paidloans or the educational services you paid for.

Under a borrower defense to repayment, you may be eligible for loan forgiveness (a discharge) of the federal Direct Loans you took out to attend a school if that school committed fraud by doing something or failing to do something, or otherwise violated applicable state law related to your loans or the educational services you paidLoans you took out to attend a school if that school committed fraud by doing something or failing to do something, or otherwise violated applicable state law related to your loans or the educational services you paidloans or the educational services you paid for.

Under the new bill, any loans that cause losses that do not meet FHA underwriting guidelines or have fraud involved could end up being eaten by the lender that originates them.

So I looked on my forms posted and the only form they have is a FRAUD student loan contract created by someone who was not me and they used my name in an electronic signature to claim I authorized the loan.

I hope they are successful because what DeVos is essentially trying to do is eviscerate a 1994 statute passed by Congress for the express purpose of providing student fraud victims with well deserved relief from their student loans.

The problem with appraisals over the last couple of years is not that they weren't valid at the time of the loan, but that the foreclosures caused by mortgage fraud and ridiculously lenient loan programs have caused property values to crash.

7) A due - on - demand clause - The exceptions are if: a) There is material misrepresentation or fraud by the borrower in connection with the loan; b) The borrower fails to meet the terms of repayment in the agreement; or c) There is any action by the borrower that negatively affects the creditor's security.

Used properly and issued by reputable lenders, FHA reverse mortgage loans can provide needed funds and eliminate monthly mortgage payments, but borrowers can be subject to fraud and misleading information if they don't understand the full consequences of the loan.

The negotiating committee is tasked with revising the 1994 rules that govern when a borrower may have his or her federal student loans discharged in the event of fraud by a school.

Rachel Crawford was charged in U.S. District Court in Fort Wayne with obtaining Family Federal Education Loans by fraud and materially false statements.

The reconstruction itself may have also persuaded non-local lenders to recoup their loans — mortgage companies must monitor home repairs to avoid insurance fraud (either by the homeowner or contractors), and doing so would've been costly for lenders without a local presence.

Under a borrower defense to repayment claim, you may be eligible for loan forgiveness (a discharge) of the federal Direct Loans you took out to attend a school if that school committed fraud by doing something or failing to do something, or otherwise violated applicable state law related to your loans or the educational services you paidLoans you took out to attend a school if that school committed fraud by doing something or failing to do something, or otherwise violated applicable state law related to your loans or the educational services you paidloans or the educational services you paid for.

Appraised value is often used directly by mortgage lenders to make sure a loan issued against the property is not inflated and to prevent fraud from buyers and sellers working in collusion.

However, since mortgage fraud perpetrators hope to inflate the value of their properties and quickly sell them, they would likely gravitate towards mortgage loans that offered low and short - term interest rates such as those offered by ARMs.

Most of the housing bubble was caused by artificially low rates in combination with IO loans and fraud by the mortgage agent since after the initial sale they were not held responsible for the stability of the mortgage.

You may be eligible for a borrower defense to repayment discharge of the federal Direct Loans you took out to attend a school if that school committed fraud by doing something or failing to do something, misrepresented its services, or otherwise violated applicable state law related to your loans or the educational services you paidLoans you took out to attend a school if that school committed fraud by doing something or failing to do something, misrepresented its services, or otherwise violated applicable state law related to your loans or the educational services you paidloans or the educational services you paid for.

The exceptions to this rule are: penalties, fines, forfeiture and compensation orders imposed by any court, any liability due to fraud, any obligation to pay aliment, student loans, and money owed to someone who holds a security on your property such as a secured loan or mortgage loan.

The ONLY legal authority for government intervention in such private loan contracts is fraud or criminal coercion by either borrower / lender.

Most debts except: fines, penalties, compensation and forfeiture orders imposed by any court; any debt that has been incurred through fraud; student loans; any obligation to pay maintenance to an ex-spouse due under a court order (not Child Support Agency arrears or Child Maintenance Service arrears); and money owed to a creditor whose debt is secured on your property (such as a mortgage or secured loan).

The main exceptions are student loans, magistrates» court fines, maintenance payments or maintenance arrears ordered by a court, Child Support Agency or Child Maintenance Service arrears, debts you build up through fraud and debts you owe as a result of a personal injury claim against you.

Loans may be structured such that they are not securities under securities law, and in the event of fraud or misrepresentation by a borrower, lenders may not have the protection of the anti-fraud provisions of the federal securities laws.

In June, a federal court ruled that a single mother of four, whose wages were being garnished by the government over student loans she took out to attend a now - defunct college accused of fraud, was entitled to a speedy decision regarding whether her student loans were eligible to be forgiven.

Obtained summary judgment in favor of a savings and loan in an action brought by former borrowers who asserted a series of lender liability and fraud claims.

We regularly advise clients in relation to loan / payment defaults, insolvencies, receiverships, fraud, breach of fiduciary duties by directors and officers and trustees, shareholder disputes, professional negligence claims, investment product «misselling» claims and the related regulatory / compliance investigation and employment disputes.

Years of litigation, an unpaid loan and fraud on the court all added up to more than $ 11 million awarded by a Gloucester County Circuit judge on a summary judgment motion.

Lead counsel for another large commercial lender in lawsuits brought by bankruptcy trustees that seek to recover hundreds of millions of dollars in loan proceeds that were paid to the lender by companies that allegedly were engaged in a multi-billion dollar fraud scheme.

Advising a group of Ukranian agro-trading companies in relation to claims made by various lenders for fraud and breach of contract amounting to $ 73 million in outstanding loans.

We have tried virtually every type of banking dispute, including lender - liability actions, suits by loan participants, actions arising out of letters of credit and other forms of commercial paper, commercial and residential foreclosure actions and loan fraud matters.

fraud or misrepresentation by Borrower, any general partner or the Principal (s) to the Lender prior to or during the term of the Loan;

A lead has been taken by State Bank of India in bringing tech companies and lenders together to share information amongst banks and use blockchain technology which is expected to help them in tackling bad loans and preventing frauds.

Researched, Investigated, and determined types of fraud committed by parties involved with the loan.

KEY ACHIEVEMENTS • Approved a loan that had been stuck in the pipeline for 15 months by completing extensive verification procedures • Saved the company $ 52000 by performing extensive background checks on a corporate applicant that turned out to be fraud • Created a strong referral network through widespread communication and outreach programs • Regarded as the company's most successful mortgage loan processor, following documented success in handling an average of 31 files each month

If the practitioner writes up the purchase agreement as a residential purchase knowing the deal is being mischaracterized by the mortgage broker or loan officer, the practitioner could be found to have committed loan fraud.

Non-recourse loans are secured only by the underlying real estate of the borrower, with certain exceptions such as such as fraud and bankruptcy.

The Act also provided some measure of protection for lenders with regard to borrower perpetrated fraud by adding an exemption for liability when a borrower has been convicted of obtaining the loan by fraudulent means.

6 DOS 94 Matter of DOS v. Eagle Financial Services - motion to amend complaint; procedural due process; motion for severance; motion for stay of proceedings; adjournment; once issued, license is valid even if procured by fraud and voidable only in quasi-judicial proceeding; negotiating of mortgage loan requires real estate license; corporate licensee vicariously liable for conduct of unlicensed salesperson; failure to return and conversion of deposits

Casey v. Masullo Brothers Builders, Inc. (218 A.D. 2d 907)- Buyer sues seller for fraud, misrepresentation, mistake of fact and breach of contract where buyer purchased residence based upon representations by seller through newspaper advertisements and representations by seller's Realtor regarding the school district within which the property was located; Realtor's statement based upon own investigation, loan profile sheet from an abstract company prepared prior to the closing, and town tax rolls which confirmed placement of the property within the disclosed school district; unless the facts are matters peculiarly within one party's knowledge, the other party must make use of means available to him to ascertain, by the exercise of ordinary intelligence, the truth of such representations; question of fact exists whether a reasonable inquiry would have revealed the correct school district; order dismissing seller's motion for summary judgment affirmed.

An article in Real Estate Issues in 2012 noted that the FBI categorizes mortgage fraud as «a material misstatement, misrepresentation, or omission relied on by an underwriter or lender to fund, purchase, or insure a loan.»

It's often done with the best of intentions, but manipulating contracts, appraisals, sources of downpayment, and sale prices to help buyers qualify for a higher loan amount — even if it's suggested by the lender — may make you guilty of loan fraud.

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.

Those tall buildings they are building, skyscrapers, they got those by your «percent» you folks pay, they are illegal frauds, so when you play a little dirty, people yell, «loan fraud» funny

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.