RECENT BLOG POSTS
The Now-Failed Omni National Bank Helped Fund Millions in Loans for Convicted Mortgage Fraudster Mark McBride. Omni also has been linked to other mortgage fraud operations uncovered by regulators, stolen multiple identities and another where they falsified the income and employment records of bor...
04/05/2010
Current authorization for the National Flood Insurance Program (NFIP) expired on March 28, 2010. Therefore, the NFIP does not have authority to issue new or renewal policies at this time. Congress will not take up consideration of the bill again until April 12, 2010. Therefore, borrowers with pro...
04/02/2010
As you know real estate is a people profession. From the real estate agents in the field to the loan officers or loan processors working with borrowers to the title agents sitting down with families closing on their first home, we are people serving people. Those who would commit fraud know this,...
04/02/2010
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
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Michael Richardson

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