Skip to main content

Former Texas police officer pleads guilty in HUD fraud case

NationalMortgageProfessional.com
Jan 21, 2010

Ramon Anthony Reyes Jr. has pleaded guilty before U.S. District Judge Jane J. Boyle to one count of making a false statement to the U.S. Department of Housing & Urban Development (HUD) with regard to his participation in HUD’s “Good Neighbor Next Door/Officer Next Door” mortgage program, announced U.S. Attorney James T. Jacks of the Northern District of Texas. Reyes faces a maximum statutory sentence of two years in prison and a $250,000 fine. He is scheduled to be sentenced by Judge Boyle on April 29, 2010. Under the terms of the “Good Neighbor Next Door/Officer Next Door” mortgage program offered through HUD, law enforcement officers receive a 50 percent discount from the list price of a home in return for living in the property as their sole residence, for 36 months. Participating law enforcement officers also may not own any other residential real estate property at the time they submit their purchase offer and for one year previous to that date. The purpose of the program is to strengthen communities by encouraging employed, professional law enforcement officers to live in areas needing revitalization. According to plea documents filed in the case, Reyes was employed as a police officer for the City of Irving since 1998. In 1998, Reyes purchased a home located on Dorothy Drive in Grand Prairie, Texas, and began living there. In 2007, Reyes purchased another home, located on Palo Alto Drive in Mesquite, Texas, using the “Good Neighbor Next Door/Officer Next Door” mortgage program. To comply with the program’s requirements, Reyes transferred title of this Grand Prairie home to a relative and continued to live in the Grand Prairie home, maintaining all utilities in his name and paying the property taxes on the residence. Reyes admitted that he made a false statement on the annual certification form for the program when he signed the form certifying that he had continuously resided at the Mesquite address, when he knew that he had not. The case is being investigated by HUD and the FBI. Assistant U.S. Attorney Stephen P. Fahey is in charge of the prosecution.  For more information, visit dallas.fbi.gov.
Published
Jan 21, 2010
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