Former Ore. mortgage broker sentenced to 2 years
Fed Pulls The Plug On Mortgage Purchases
The Federal Reserve will stop buying mortgage-backed securities this week, ending a massive program that’s been helping the housing market recover. The Fed has bought more than $1.2 trillion of mortgage-backed securities in all.
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‘Gangster’ admits mortgage fraud
An alleged Glasgow gangster admits defrauding more than £250,000 by lying about his income on mortgage applications.
Read more on BBC News
Former Ore. mortgage broker sentenced to 2 years
A former Oregon mortgage broker has been sentenced to two years in federal prison after pleading guilty to identity theft for making false loan applications to buy homes for his girlfriend.
Read more on AP via Yahoo! Finance
Former day care owner gets probation
Former day care owner gets probation
A former day care owner whose center was used in crime boss Michael Lock’s multimillion-dollar mortgage fraud machine was sentenced Thursday to five years probation, including eight months of home confinement. Nicole Brown faced 8 to 14 months in prison under federal sentencing guidelines. Defense attorney Jonathan Smith asked for leniency, saying Brown is suffering from kidney failure and …
Read more on Milwaukee Journal Sentinel
Former Boca, Delray firms sued for foreclosure fraud
Former Boca, Delray firms sued for foreclosure fraud
Former Boca Raton and Delray Beach based firms (now in Deerfield Beach) have been sued by Florida Attorney General Bill McCollum for, among other things, using President Obama’s voice in a nationwide “series of false and fraudulent representations” designed to induce sale of loan modification and foreclosure related services.
Read more on Boca Raton News
Categories: mortgage meld Tags: Boca, Delray, firm's, foreclosure, Former, fraud, sued
Former NH prosecutor sentenced for mortgage fraud
Former NH prosecutor sentenced for mortgage fraud
A former New Hampshire prosecutor has been sentenced to three years probation for her role in a mortgage fraud scheme.
Read more on Boston Globe
Categories: mortgage meld Tags: Former, fraud, mortgage, prosecutor, sentenced
Former Irving police officer admits to making false statement
Former Irving police officer admits to making false statement
He faces a maximum of two years in prison and a $250,000 fine.
Read more on Fort Worth Star-Telegram
Former Naples Realtor sentenced to probation in mortgage scam
Former Naples Realtor sentenced to probation in mortgage scam
NAPLES —A former Naples Realtor has been sentenced to three years of probation and has been ordered to pay nearly $2.4 million in restitution for her role in an $11 million multi-state mortgage scam.Margaret Giresi, 70, pleaded guilty to conspiracy on Sept. 14 in Vermont. Her sentencing was Monday.“I wished they would have put her in jail,” said Ron Barakett, a Realtor at Sun Realty in Naples …
Read more on Naples Daily News
Former mortgage broker sentenced in elder abuse scam
Former mortgage broker sentenced in elder abuse scam
Staff report | Former Southern California mortgage broker John McTaggart was sentenced Friday to six years in prison for defrauding an 86-year-old San Francisco woman out of $140,000. The woman signed up for a reverse mortgage from an Orange County company; McTaggart, an employee, persuaded the…
Read more on The San Francisco Examiner