Sentences with phrase «mortgage fraud»

Its tracking found $ 1.1 billion in active criminal and civil cases of mortgage fraud in the third quarter of the year, compared with $ 1.7 billion in the second quarter.

Recent events likely resulted in an increase in mortgage fraud as higher housing prices tempted borrowers to commit fraud for property in order to qualify for a mortgage loan.

A chief executive of what once was the largest privately held mortgage lending company in the country was sentenced to prison for his part in a $ 3 billion mortgage fraud scheme.

Twenty - seven per cent of mortgage fraud cases took more than 18 months to close, nearly double the number of all other cases that took up the same time.

The data on mortgage fraud here is slightly dated.

Data was compiled and analyzed from law enforcement and industry sources to determine those areas of the country most affected by mortgage fraud during 2006.

But don't withhold the info, either — if you do and you're found out, you could be charged with mortgage fraud, and that's a felony.

Currently, the law society has 80 mortgage fraud investigations involving 102 cases in its inventory.

The bureau estimated annual losses from mortgage fraud to be in the range of US$ 4 billion to US$ 6 billion in 2012.

But mortgage fraud complaints take so long to investigate the law society sets aside the age of those cases from its general statistics.

Chinese members of the Canadian community may consider taking out a Chinese mortgage for greater insurance against mortgage fraud.

He was launching an «industry - wide investigation into mortgage fraud».

While some people try to avoid this by lying on their application, you should be aware that this is considered mortgage fraud and can result in your application being denied.

It is also under many circumstances considered to be short sale mortgage fraud.

An arm's - length affidavit is a document created by a short sale bank in an attempt to prevent sellers from selling to a relative and to curb mortgage fraud.

The settlement came over charges of systemic and widespread mortgage fraud.

While mortgage fraud is far less common than the above mentioned mortgage issues it does happen from time to time.

Mortgage fraud happens when information is withheld from your lender which, if the lender knew about, would cause the lender to reject your short sale.

A big gap may indicate mortgage fraud, unless employment circumstances have drastically changed.

Would the economy fall apart without it — without mortgage fraud, without deceptive packaging of junk mortgages, and for that matter without computerized gambling on derivatives?

Very few mortgage fraud cases happen in BC in the past two decades but they do get quite a bit of media attention when they do.

The value of mortgage fraud climbed from more than $ 250 million in 2001 to nearly $ 300 million in 2002.

Overall, suspicious activity in lending is down, but mortgage fraud remains particularly problematic in these states.

Readers who have particular questions about mortgage banking, mortgage fraud matters or who believe they require legal counsel should seek the advice of an attorney.

So I'm not a lender but I'm pretty sure it's just basic mortgage fraud.

The only exception to this is our mandate to investigate, detect and suppress mortgage fraud.

With all the activity going on now, it's easy for mortgage fraud to go overlooked or unnoticed.

They were usually involved in mortgage fraud, as 95 % if the neighborhood was.

This is particularly true in cases of mortgage fraud where lawyers have not disclosed prior property flips, unpaid deposits and doubtful credits.

In some cases, some of us may find ourselves grappling with mortgage fraud, foreclosure or loan modifications.

If that's the case, you're committing mortgage fraud.

To protect you and your clients, educate yourself about mortgage fraud and be on guard for any warning signs in a transaction.

Areas of strength include conventional mortgage underwriting, mortgage fraud investigation, post closing audits / quality control, sales, auto financing, and consumer finance.

What about the threat from mortgage fraud, which is far more widespread than regulators and the industry want to admit?

He handles construction, surety, fidelity and related insurance matters as well as mortgage fraud recovery through mediation, arbitration, and litigation in state and federal courts.

Suffolk County Executive Steve Levy, a reformer and gubernatorial hopeful, lived with an ex-con who pleaded guilty in a multimillion - dollar mortgage fraud scheme involving an S&M club and dominatrixes.

Florida Governor Charlie Crist is taking drastic steps to prevent mortgage fraud and will likely sign legislation that would require, among other things, criminal background checks for mortgage brokers.

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.

The FBI and other entities charged with investigating mortgage fraud, particularly in the wake of the housing market collapse, have broadened the definition to include frauds targeting distressed homeowners.

Salisbury, Md., July 31, 2012 — Credit Plus, Inc., a leader in the credit information industry since 1928, announces it is now offering a new mortgage fraud prevention tool called Undisclosed Debt MonitoringTM powered by Equifax.

Many of these statutes are based on the oldest state mortgage fraud law, California Civil Codes 2945 and 1695.

If you want to help stop mortgage fraud, improve mortgage disclosure enforcement actions and stop illegal kickbacks in the residential real estate process, then please sign our petition to increase the statute of limitations to 6 years.

Lawyers representing consumers in mortgage foreclosure or mortgage fraud situations are reporting that by the time consumers realize that they need help, that far longer than 1 year has elapsed and that there is often no recourse.

These allegations are contained in court papers in the upcoming mortgage fraud trial of George Guldi, a former Suffolk County legislator.