Initial jobless claims above 300K for third week Ocwen buys Homeward Residential from WL Ross Ala. court says alleged problems with securitization aren’t a borrower concern Sanford Capital Abruptly Offloads Valuable Land in. – · Sanford Capital Abruptly Offloads Valuable Land in Congress Heights, Increasing Tensions The transfer of three distressed properties to development firm.Ocwen to buy Homeward Residential for $750 million – Ocwen to buy Homeward Residential for $750 million. Associated Press.. Ocwen is buying the loan servicing company from private equity firm WL Ross & Co. LLC for $588 million in cash and $162 in.U.S. Jobless Claims Dip for Third Week | IndustryWeek – New claims for U.S. unemployment benefits fell for the third consecutive week, the government said on June 4 amid signs that the brutal recession gripping the economy is easing. The Labor Department said that the the number of initial claims for jobless benefits in the week ending May 30 dipped to.
Former Attorney Pleads Guilty to Participating in Fraudulent Mortgage Modification Scheme The Department of Justice announced that a former California licensed attorney pleaded guilty in U.S. District Court in Santa Ana, California, for his role in a multi-million dollar fraudulent mortgage modification scheme.
The Rodis Law Group, and its successor company, America’s Law Group, allegedly advertised loan modification assistance on radio. is far too common,” said Assistant Director in Charge of the FBI’s.
Certain acts are considered as loan modification fraud including intentionally withholding information during the mortgage modification process. A lender modification fraud scheme may include real estate agents, mortage brokers, attorneys, or builders. Gain more legal insights from LegalMatch’s online law library now!
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HSBC agreed to a $601 million settlement with a series of federal agencies and nearly every state over charges that the bank engaged in mortgage origination, servicing and foreclosure abuses. As.
The 2005 White Paper focused on methods to detect, investigate, and deter third party mortgage fraud. Financial institutions have experienced an increase in the number, volume, and types of mortgage fraud schemes resulting in significant losses. The 2009 White Paper updates mortgage fraud trends and schemes currently impacting financial.
The "auditors" say you can use their report to avoid foreclosure, speed the loan modification process, reduce what you owe, or even cancel your loan. In fact, there’s no evidence that forensic loan audits will help you get a loan modification or any other mortgage relief. Rent-to-Buy Schemes
SIX CHARGED IN $33 MILLION MORTGAGE MODIFICATION SCAM WASHINGTON, DC – Christy Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP), and Carlie Christensen, United States Attorney for the District of Utah, today announced that
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Utah group charged with mortgage modification fraud.. One group. wire fraud, money laundering, conspiracy to. Today’s cases reaffirm the joint federal and local commitment to crack-down on mortgage fraud perpetrators, first announced in September 2007.
A key figure in a defunct loan modification company was arrested Tuesday in the largest fraud investigation. of Farmingdale, was charged with practicing as an attorney without a license while.
It’s also provided a moniker for the group formally charged on Tuesday: the “Covington Seven. And then, in the middle of the loan modification process, US Bank foreclosed on the Castillo family.
Investments Utah group charged with mortgage modification fraud cabal defrauded more than 10,000 for $33M