In 2009 the rules for appraisals were changed so supposedly toughened and imposed on appraisers nationwide to avoid fraud within the mortgage industry. The figures have been release and show that appraisal fraud is actually on the rise. The Mortgage Assets Research Institute also know as MARI found that...

The Park Avenue Bank in Manhattan was closed by the New York State Banking Department on March 12th  and The Federal Deposit Insurance Corporation was appointed the receiver. The bank’s President Charles J. Antonucci was arrested on charges of bribery, wire fraud and embezzlement on the New York State...

Sean FitzPatrick was arrested on charges of bank fraud on March 18th according to sources close to the case. Mr. Fitzpatrick was a former chairman at the Anglo Irish Bank. A man fitting Mr. FitzPatrick’s description is according to Irish police is being held at the Bray Garda Station in County Wicklow....

United States Department of Housing and Urban Development otherwise known as HUD has what is called Home Equity Conversion Mortgages Program. The program was designed to help senior citizens obtain financial security through a Federal Housing Administration insured reverse mortgage loan. The program...

Military personnel across the country are put in harm’s way but they and their families are also asked to move frequently on new assignments which trigger relocation costs that the average family doesn’t do. Military personnel on average have low pay scales as well which often hinder relocation moves...

Statement of the Honorable John Conyers, Jr. for the Hearing on Protecting the American Dream Part II: Combating Predatory Lending Under the Fair Housing Act Before the Subcommittee on the Constitution, Civil Rights, and Civil Liberties Thursday, April 29, 2010 at 1:00 p.m. 2141 Rayburn House Office...

Douglas Skibicki, age 41 from Bethesda, Maryland has been charged with mail fraud, aggravated identity theft, and bankruptcy fraud in a scam that defrauded lenders and his own relatives and friends of over two million eight hundred thousand dollars. Mr. Skibicki was an agent for First Investment Choice...

By Les Christie, CNNMoney As terrible as it is to lose your house to foreclosure, at least it’s a relief to put your biggest financial headache behind you, right? Wrong. Former homeowners may still be on the hook if there’s a difference between what they owed on their mortgage and what the...

Thirteen individuals have been indicted for mortgage fraud in relation to luxury condominiums in Miami, Florida. Federal Investigators allege that the ring scammed mortgage lenders of over sixteen million nine hundred thousand dollars. The scam involved the purchase of luxury Condominiums in downtown...