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Loan Modification
: Flipping FrenzySeven Charged in Mortgage Fraud Bust
By Ralph Roberts
Full post as published by Flipping Frenzy on June 16, 2009 (boomark / email).
Manhattan Feds Bust Alleged Equity Stripping, Mortgage Fraud Scam; 13 Suspects Charged
In Islip, New York, the New York Daily News reports:The feds busted up a $10 million mortgage scam that had left city and Long Island homeowners facing eviction. The scheme, run out of Bridgewater Funding in Islip, L...
FBI Investigates Suprime Mortgage Fraud
The FBI is investigating 14 unidentified companies for fraud in the subprime mortgage markets, including accounting fraud and insider trading. Since the 1990s, th eFBI has investigated mortgage fraud in the primary real estate market...
Ex Countrywide chief charged with fraud
The Securities and Exchange Commission (SEC) has charged Angelo Mozilo, the former chief executive of America's biggest mortgage lender, with fraud and insider trading.
Virginia Feds Bust Five In Alleged Scam Using Stolen IDs In "Cash Back" Mortgage Fraud Racket
From the Office of the U.S. Attorney (Eastern District of Virginia):Five individuals(1) are accused of a mortgage scam fraudulently purchasing homes in Northern Virginia and profiting by using the mortgage proceeds to pay ?home improvement? expenses and other payments totaling nearly $337,000...
Mortgage Fraud Surges: Report
Mortgage fraud reached a new high in 2008, according to the FraudBlogger index published by MortgageDaily.com, during which time more than $5 billion in mortgage fraud cases were tracked...
Feds Bust Huge Alleged Mortgage Fraud Ring
Federal prosecutors unsealed a massive indictment Tuesday afternoon against a huge alleged mortgage fraud ring in San Diego, Calif., charging 24 people with racketeering activity under the Racketeer Influenced and Corrupt Organizations Act (RICO), involving 220 properties with a total sales price of more than $100 million dollars...
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