Mortgage Fraud on the Rise. Specifically, this year’s second quarter showed a 45 percent increase in the number of reported mortgage fraud incidents relative to the same period in the prior year. This follows a first quarter increase of 42 percent.
Those mortgages were purchased by government-backed mortgage. out by U.S. taxpayers during some of the period that the alleged fraud took place. It accepted $45 billion in funds from October 2008.
On April 24, 2017, Houston-area building contractor Oscar Cantalicio Ortiz was scheduled to appear in a Houston federal courtroom to be sentenced following his June 2016 guilty plea in connection with.
· With check fraud on the rise, it is important for business owners to take steps to protect their companies from fraud losses. Here are a few tips: Use electronic payments instead of mail: Despite the headlines, electronic payment methods are very secure and make your account much less vulnerable to fraud compared to sending checks through the mail.
Ron DeSantis lives in government housing (when he’s in Washington) Says Ron DeSantis "voted in an agricultural bill to give food stamps to illegal immigrants." By Katie Akin, Lucia Geng, Amy Sherman on Friday, June 29th, 2018 at 2:10 p.m. The top two Republicans running for governor in Florida, Adam Putnam and Ron DeSantis, tried to paint a picture that the other washack pc eaislyThis is a featured page Gainesville Mortgage Lenders | Chris Doering Mortgage I have used the Credit Union for the past 10 years for all of my banking needs – checking, savings, money market, car loans, mortgage, home equity and now my HSA. When I walk in I am greeted by name.Show the Classic “All Programs” Menu in the Start Menu in Windows 7. Here is how to at least get back the Classic “All Programs” Menu. While it’s not quite the same as the good old XP days, if you’re looking to get the All Programs Menu back, this Registry hack.
We’ve all heard or read stories on mortgage fraud and it doesn’t seem to be slowing down, in fact, mortgage fraud is on the rise. It’s up 20% since the lowest rate back in 2009. The mortgage industry has taken steps to stop these frauds from happening, but there are always new frauds emerging these days.
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A Texas building contractor who was handed a nearly 22-year sentence in absentia for his $16 million mortgage fraud scheme received additional prison time upon his return to the U.S. after fleeing.
While property prices in China continue to rise, mortgage fraud remains largely a hidden danger. payment ratios near zero for the deadly subprime loans that crashed the U.S. market in 2008. In.
Although most people don’t associate applying for a mortgage with committing a crime, mortgage fraud is more common than you would think. anecdotal evidence suggests that even though the number of cases is relatively low compared to the total of all fraudulent acts committed against financial institutions, the total dollar losses are extremely high.
According to CoreLogic’s latest Mortgage Fraud Report, there was a 12.4 percent year-over-year increase in fraud risk at the end of the second quarter of 2018, as measured by the CoreLogic Mortgage Application Fraud Risk Index. The analysis found that during the second quarter of 2018, an estimated.
Better Mortgage expands to Florida Better Mortgage, one of the leading digital mortgage lenders in the U.S., today announced that it has launched services in four additional states: alaska, Kentucky, Oklahoma and West Virginia. The.