Skip to main content

Virginian sentenced to 57 months for mortgage fraud
Nov 23, 2009

Godwin Asifo of Woodbridge, Va., was sentenced today to 57 months in prison, followed by three years of supervised release, for running a mortgage fraud scheme that resulted in the foreclosure of at least three homes in northern Virginia. He was also ordered to pay $546,685.20 in restitution. Neil H. MacBride, United States Attorney for the Eastern District of Virginia, and Joseph Persichini Jr., Assistant Director in Charge of the FBI Washington Field Office, made the announcement after sentencing by United States District Judge Claude M. Hilton. Asifo was convicted by a jury on Aug. 6, 2009, of two counts of mail fraud and one count of wire fraud. According to court documents and evidence at trial, from about May 2005 to June 2006, Asifo recruited straw buyers to purchase at least three homes on his behalf, promising to pay the mortgages and sell the homes for a profit within six months. To ensure the buyers could obtain the loans, he helped to inflate their incomes on loan applications, falsify employment records and provide them with thousands of dollars to artificially inflate their bank accounts. The three homes—located in Woodbridge, Haymarket, and Ashburn, Va., and ranging between $335,000 to $765,000 when purchased—were not sold for profit as expected, and the straw buyers ultimately defaulted on the loans because they were not able to afford the mortgage payments, resulting in substantial losses to the lenders. This case was investigated by the Washington Field Office of the FBI. Assistant United States Attorney Jack Hanly is prosecuting the case on behalf of the United States. For more information, visit
Nov 23, 2009
CFPB Reports Trends In Financial Assistance

The latest developments from this study reveal that most consumers have exited the payment assistance they received at the start of the pandemic.

Analysis and Data
Jul 14, 2021
CFPB Orders GreenSky To Refund $9M In Unauthorized Loans

The consent order requires GreenSky to refund or cancel up to $9 million in loans for the customers harmed by this illegal conduct.

Regulation and Compliance
Jul 13, 2021
CFPB Warns Landlords And Consumer Reporting Agencies To Report Accurate Rental Information

Inaccurate rental or eviction information can unfairly block families and individuals from safe, affordable housing.

Regulation and Compliance
Jul 01, 2021
FHFA Mandates Quarterly Fair Lending Reports

FHFA issued orders for all enterprises to submit quarterly Fair Lending Reports with data and information to improve the FHFA’s capabilities. 

Regulation and Compliance
Jul 01, 2021
FHFA Follows CFPB To Protect Borrowers Once COVID-19 Foreclosure And Eviction Moratoriums End

The Federal Housing Finance Agency made it clear that Fannie Mae and Freddie Mac servicers are not permitted to make first notice or filing for foreclosure that would be prohibited by the CFPB protections for borrowers affected by COVID-19.

Regulation and Compliance
Jun 30, 2021
CFPB Finds Evidence Of Redlining And Deceptive Acts In 2020

Enforcement actions resulted in more than $124 million in consumer remediation and civil money penalties in 2020

Regulation and Compliance
Jun 29, 2021