ARCHIVED BLOG POSTS

2010 

Detecting mortgage fraud is a mind-set, like exercising or eating right. Habits are born of routine and the surest way to start spotting fraud is to become aware of its existence. A former loan officer in Vancouver, Washington, was sentenced on March 29, 2010, by U.S. District Judge Garr M. King ...
03/31/2010
The Obama Administration announced additional assistance last week for underwater and unemployed homeowners, saying the foreclosure crisis has shifted from volatile subprime loans to "hardworking" people. The enhancements are to the Home Affordable Modification Program (HAMP) and are to provide a...
03/29/2010
"We have one message to those who would engage in mortgage fraud schemes: you will be found, you will be prosecuted, and you will be punished." said Attorney General Holder. Read the whole article @ http://tinyurl.com/yjpdzon The sad part is that some of us don't even realize when we're being inc...
03/28/2010
The estimations differ on the extent of fraud in the reverse mortgage business, although there seems to be a consensus that it is small by comparison to forward mortgages but with the recession and overall economy appear to keep the flames of reverse mortgage fraud bright. Read the whole article ...
03/28/2010
Quality Control Auditors with ability to detect mortgage fraud! Our steady growth affords the opportunity to bring on-board qualified Quality Assurance Auditors with experiences in underwriting, mortgage operations and quality control. We are accepting applicants that have a home office setup and...
03/26/2010
"Identify Theft" Mortgage Fraud Scammers Arrested - While preparing the loan applications, the name and social security number of another individual were used without that person's knowledge, input or authority, identity theft Read the whole story http://tinyurl.com/ycs3osr We should all recogniz...
03/24/2010
U.S. Attorney John M. Bales announced that 40 individuals have been arrested and charged in connection with a major mortgage fraud scheme in the Eastern District of Texas. The 16-count indictment was returned by a federal grand jury on March 10, 2010, and includes one count of conspiracy to commi...
03/19/2010
This fraud scheme was from the sale of land in various counties in North Florida and in Georgia by First Loan Solution, a company that advertised the sale of the land to the Haitian community in Miami Dade County, Florida. They used First Loan Solution's website and one of the fraudsters had a ra...
03/17/2010
A New Jersey, a police officer, was arrested based on a obtaining a mortgage loan that he obtained through false representations. According to the Complaint, he and his wife own property in Secaucus, New Jersey which they purchased in June 2000 with a thirty-year mortgage for $513,700. Around Mar...
03/12/2010
New Secondary Market Underwriting Guidelines 1. All borrowers' birth certificates will be required with pictures taken in the hospital with medical staff. Birth certificate with a live home delivery will not be eligible for first time home buyers. 2. Marriage certificate with bridal dress will be...
03/10/2010
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Michael Richardson

First Colorado Lending
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