The NMP Blog

Forged Power of Attorney to Unlawfully Obtain a Mortgage from Mother-In-law’s home

Submitted by Prevent Mortgag... on March 09, 2010

Queens District Attorney Richard A. Brown today announced that an international businessman who resides in Manhattan has been sentenced to three to nine years in state prison for having used a forged power of attorney to unlawfully obtain a mortgage on his mother-in-law’s condominium in the Little Neck section of Queens and steal more than $300,000.
The condominium had been free and... Read More

McCollum: Be Wary of Scams Associated With Foreclosure Rescue, Loan Modification Offers

Submitted by Prevent Mortgag... on March 09, 2010

TALLAHASSEE, FL – As part of National Consumer Protection Week, Attorney General Bill McCollum today issued a consumer advisory on foreclosure rescue services and foreclosure-related loan modification offers, one of the most frequent subjects of complaints to the Attorney General’s Office during 2009. With a second wave of mortgage fraud and foreclosure rescue fraud predicted for 2010, the... Read More

Loan Quality Success's & Concerns- Florida Quality Council Meeting- Friday

Submitted by Prevent Mortgag... on March 08, 2010

The Quarterly meeting of the Friday, March 12th, 2010 Florida Quality Council
Registration available on-line at http://www.floridaqualitycouncil.org/.
Meeting Topics
Darren Soto's Foreclosure Bill of Rights
As foreclosures continue to impact our state, this is an important presentation for everyone in our industry - come and hear first hand about the bill!
... Read More

Re - Michael Richardsons Blog on Mortgage Fraud

Submitted by Lady Lake Appraiser on March 06, 2010

As a Financial Industry 'outsider' it's gratifying to know that someone is looking 'inside' too. As I see it, the problem starts with remuneration - As long as I get paid, immediately, in full, for writing up new business (i.e. short-term), regardless of the 'long-term' outcome of that sale, I get the clear message that 'booking' new loans, and making my 'quota' is all that counts. Conversely... Read More

Weekend update about the 27th Annual Regional Conference of MBAs in Atlantic City

Submitted by Andrew T Berman on March 06, 2010

Before the weekend gets underway, I wanted to share some big news about the 27th Annual Regional Conference of MBAs on Sunday, March 14 through 19, 2010 taking place at the Trump Taj Mahal Casino Resort in Atlantic City, NJ. In addition to the stallar line-up already scheduled below, Dave Hershman will be presenting "Management Skills for Leaders." Additionally, the exhibit hall is almost... Read More

Symptoms, Prescriptions and Side Effects

Submitted by Tom Ninness on March 06, 2010

Symptoms, Prescriptions and Side Effects
Watching TV in the evening, there’s a good chance that a new prescription drug will be introduced to you. The ad starts out with symptoms of a problem that Americans are experiencing such as E.D., stress, depression, etc. Then the miracle drug is introduced to us and in this section of the ad, it seems that the symptoms can be remedied. At the... Read More

The House Appropriations Committee wants the FBI to spend less time on mortgage fraud

Submitted by Prevent Mortgag... on March 05, 2010

The House Appropriations Committee wants the FBI to spend less time on mortgage fraud and more investigating other white-collar crimes.
“The House committee is concerned that the FBI budget proposal focuses too exclusively on mortgage at the expense of other high priority financial fraud issues,”
If we loose the focus of the FBI and will that allow mortgage fraud to rise even more... Read More

REGISTER NOW!!!! The Quarterly meeting of the Florida Quality Council

Submitted by Prevent Mortgag... on March 04, 2010

Friday, March 12th, 2010
Registration IS available on-line at http://www.floridaqualitycouncil.org/.
Meeting Topics
Darren Soto's Foreclosure Bill of Rights
As foreclosures continue to impact our state, this is an important presentation for everyone in our industry - come and hear first hand about the bill!
Mortgage Modifications and Economic Recovery
... Read More

Loan Officer Imprisoned close so she can have contact with her 18-month-old son

Submitted by Prevent Mortgag... on March 04, 2010

A former loan officer at a Texas Mortgage Company was sentenced last week to 31/2 years in federal prison and ordered to pay $751,075 in restitution for faking mortgage documents sent to the U.S. Department of Housing and Urban Development. U.S. District Judge Terry Means recommended that Ingles be imprisoned close to Fort Worth so she can have contact with her 18-month-old son, who will be in... Read More

Ronald Reagan

Submitted by Prevent Mortgag... on March 03, 2010

"Freedom is never more than one generation away from extinction.
We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same, or one day we will spend our sunset years telling our children and our children's children what it was once like in the United States where men were free." -- Ronald Reagan