Curtis Hertel Jr., Register of Deeds for Ingham County, says that a discovery he made involving alleged fraudulent mortgage documents is now being investigated by both the Ingham County Sheriff’s Department and the FBI.
“Yes, this is, in my opinion, fraud,” Hertel said. “This is a situation where people were More…
No. But the idea is out there. Rep. Kenny Marchant (R-Texas) has proposed requiring Fannie Mae and Freddie Mac to verify that everyone receiving a home loan backed by them is of legal status. On the site America Speaking Out, where House Republicans lets users submit and vote on More…
On the heels of our report detailing short-sale flipping and other kinds of mortgage fraud that are on the rise, the Federal Housing Administration plans to announce it will tighten lending standards to try to stem rising defaults.
The Washington Post reports Housing and Urban Development Secretary Shaun More…
With home prices continuing to fall and more foreclosures yet to come, it’s clear that tough times remain for a housing market recovery. And to add to the troubles, another threat to any rebound is emerging: mortgage fraud.
The risk of mortgage fraud in More…
One of the many unanswered questions about the current financial crisis is why there haven’t been more criminal investigations into what happened, including the highly suspect actions of the rating agencies, the banks, and mortgage brokers. At Salon, economist Simon Johnson and author and former investment banker More…
Confirming that there are already 2,100 open cases of mortgage fraud that the FBI is investigating, Attorney General Eric Holder said today that he plans to soon roll out a new plan for the Justice Department’s handling of financial and mortgage fraud matters that will include working more closely with More…
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