A recent article discussed an issue that might pertain to some Florida residents. At hand is the topic of primary residency; some people buying homes seem to be engaged in a method of obtaining lower down payments and interest rates that is otherwise not considered...
Two Florida residents have been charged with 47 felonies between them. A white collar crime scheme is said to have been discovered and halted before any money was lost. The state's CFO praised the efforts of the Office of Fiscal Integrity for uncovering the alleged...
According to recent reports, a female agent of the Florida Department of Law Enforcement (FDLE) obtained a divorce in 2009 from her husband, a police officer. She was later accused of mortgage fraud by allegedly signing bank papers in 2010 as though she were still...
Mortgage-related activity is obviously something that is closely probed in all aspects by government regulators, financial pundits, lenders, borrowers and many other people, given the central importance of property and its financing in the United States.One item of...
Years down the road, the words "subprime mortgage crisis" might immediately evoke the first decade of this century for many Americans.It was just a handful-plus of years that the bottom seemed to be falling out on home mortgages and values across the country, with...
Financial institutions which lend money to potential homeowners have a vested interest in seeing that those home loans can be repaid. Generally, prospective homeowners must first establish that they have a sufficient source of income, good credit history and other...
According to realtor.org, $4 billion to $6 billion in losses in the United States each year are from mortgage fraud. This federal crime is becoming more and more common, but there are some red flags that can help lenders and investigative agencies such as the Federal...
According to the FBI and the U. S. Department of Housing and Urban Development, a new form of mortgage fraud involving senior citizens is on the rise. Reverse mortgages, which are also known as home equity conversion mortgages, have reportedly increased in frequency...
When you think of fraud allegations, you probably are reminded of wire fraud and bank fraud. However, you might not know that there is a specific subset of fraudulent activities that has to do specifically with home purchases. Mortgage fraud is defined as an illegal...
According to the Federal Bureau of Investigation, many homeowners are increasingly falling victim to a new variant of subprime loan scams. Typically, these scams occur after homeowners find themselves experiencing difficulty making monthly mortgage payments because of...
