Mortgage Lenders News

Seven defendants indicted in $49.6M mortgage fraud scam

Forty-one defendants. in various mortgage fraud scams that collectively defrauded lenders out of more than $64 million in home mortgage loans on more than 100 properties across New York State.

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Seven defendants indicted in .6m mortgage fraud scam The indictment charges aroste, 42, of Montgomery, with five counts of wire fraud and five counts of aggravated identity theft. She was arrested this morning and pleaded not guilty at an afternoon arraignment before U.S. Magistrate Judge Daniel G. Martin.

Nir Zeer, 30, of the 200 block of Merrymount Street, and four others are charged with conspiracy to commit wire fraud, said Manhattan. buyers and were aided by a mortgage broker, now cooperating.

SACRAMENTO, CA-Seven defendants were sentenced recently for a huge mortgage fraud scheme that was charged in 2008. Between January 2004 and March 2006, the scam netted more than $15 million in.

SIXTY-SEVEN DEFENDANTS CHARGED IN A DOZEN SEPARATE CHICAGO AREA MORTGAGE FRAUD SCHEMES CHICAGO – Sixty-seven defendants, including mortgage brokers, loan officers, realtors, hom e builders and five attorneys, are facing federal charges relating to m ortgage fraud, identity theft.

According to the indictment, the defendants conspired to perpetrate a complex $49.6 million mortgage fraud scheme against various FDIC-insured lenders from 2003 to 2008. Defendants Domenico Rabuffo and Mae Rabuffo used shell companies to acquire ownership and control of a purported residential property development known as Hampton Springs, located in Cashiers, North Carolina.

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All six defendants are charged with conspiracy to commit fraud and related crimes.. Seven charged in alleged Allentown-area mortgage scam. were charged in a mortgage fraud conspiracy case.

NEWARK, nj-federal law enforcement officers with the FBI and IRS-Criminal Investigation arrested three men. has filed nearly 10,000 financial fraud cases against nearly 15,000 defendants including.

Parulekar was charged with nine counts of wire fraud, in violation of 18 U.S.C. 1343, and one count of aggravated identity theft, in violation of 18 U.S.C. 1028A. An indictment merely alleges that crimes have been committed, and all defendants are presumed innocent until proven guilty beyond a reasonable doubt.

A federal indictment unsealed Friday charged seven people with running a multistate Ponzi scheme and related mortgage fraud scams that prosecutors said cost investors and lenders a combined $17.