OH
Ohio mortgage fraud investigation nabs six in real estate ring
Tue, 2010-02-02 16:36 — NationalMortgag...
A two-year investigation by the Greater Cincinnati Mortgage Fraud Task Force has resulted in a seven-count indictment charging two Cincinnati area home builders, a former Huntington National Bank vice president, and a self-employed tax preparer and interior designer with participating in a mortgage fraud scheme to sell four high-end luxury properties to “straw buyers.” A straw buyer is someone who is listed as the owner of a house, but is not really the one buying the house.Read more
Four sentenced in Ohio fraud for profit scheme
Tue, 2010-01-26 10:40 — NationalMortgag...
Four participants in an extensive mortgage fraud scheme that affected 210 residential properties, including 205 in Montgomery County, have been sentenced in federal court by U.S. District Judge Michael R. Barrett. Carter M. Stewart, United States Attorney for the Southern District of Ohio, Keith L. Bennett, Special Agent in Charge, Federal Bureau of Investigation; Jose Gonzalez, Special Agent in Charge, Internal Revenue Service Criminal Investigation, and other members of the Dayton Mortgage Fraud Task Force announced the sentences handed down by U.S. District Judge Michael A.Read more
Seven family members nabbed in Ohio fraud ring
Mon, 2010-01-18 10:52 — NationalMortgag...
A federal grand jury here has indicted six members of a family and one of their employees charging them with operating a mortgage fraud conspiracy between 2004 and 2009. Carter M. Stewart, United States Attorney for the Southern District of Ohio, Keith L. Bennett, Special Agent in Charge, Federal Bureau of Investigation (FBI), Jose A. Gonzalez, Special Agent in Charge, Internal Revenue Service Criminal Investigation, and Gerald A. O’Farrell, Assistant Inspector in Charge, announced the indictment returned against the following individuals:Read more
Ohio AG Cordray files suit against HAMP servicer Barclays Capital Real Estate d/b/a HomEq Servicing
Fri, 2009-12-18 17:07 — NationalMortgag...
Ohio Attorney General Richard Cordray has announced a lawsuit filed against Barclays Capital Real Estate d/b/a HomEq Servicing, headquartered in New York, for issuing unfair loan modification agreements and providing inadequate, incompetent customer service to Ohioans who were at risk of losing their homes to foreclosure. HomEq is a participant in the federal Home Affordable Modification Program (HAMP).Read more
Ohio AG Cordray files suit against national rating agencies for misleading ratings
Mon, 2009-11-23 10:58 — NationalMortgag...Ohio Attorney General Richard Cordray has filed a lawsuit against Standard & Poor’s, Moody’s and Fitch, three national agencies that are responsible for providing accurate credit ratings of investments. The lawsuit, filed in United States District Court for the Southern District of Ohio on behalf of five Ohio public employee retirement and pension funds, charges the rating agencies with wreaking havoc on U.S. financial markets by providing unjustified and inflated ratings of mortgage-backed securities in exchange for lucrative fees from securities issuers.Read more
Freddie Mac applauds Ohio coalition against loan mod fraud
Wed, 2009-11-18 16:30 — NationalMortgag...
The following statement was released today by Jeffery Markowitz, vice president of government and industry relations, Freddie Mac in support of the Columbus, Ohio launch of the “Loan Modification Scam Alert” campaign by a coalition of federal agencies, non-profit organizations, and Freddie Mac: “Loan modification fraud is nothing less than a pre-meditated attack on our communities and the housing recovery.Read more
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Events
- 27th Annual Regional Conference of Mortgage Bankers Associations (Now)
- 2010 Pacific Northwest Housing Summit(2 days)
- MAMP 2010 Annual Convention(22 days)
- 2010 TNAMP Convention & Trade Show, "Tried, Tested & True"(48 days)
- FAMP Miami Chapter's 25th Annual Trade Show (57 days)
- NAPMW's 46th National Education Conference & Annual Meeting(58 days)
NAMB Action Center
