Wednesday, December 7, 2011

Mortgage Scams Identity Theft News - Wed Dec 7, 2011


Homeownership Preservation Foundation Applauds Creation of Federal Joint Task ...
MarketWatch (press release)
"As the people behind the national HOPE Hotline for distressed homeowners facing foreclosure, HPF is on the front lines of the mortgage crisis and knows first-hand how pervasive and financially devastating these mortgage scams are for victimized ...
Ohio Real Estate Title Agency CEO Pleads Guilty to $5.6 Million Mortgage Fraud
LoanSafe
by Alex Ferreras on December 6, 2011 in Scams (LoanSafe.org) - William a Turner of Dayton Ohio pleaded guilty last Friday in US District Court to one count of conspiracy to commit money laundering as part of his role in a $5.6 million mortgage fraud ...
Guard yourself against mortgage scams
ConsumerReports.org
Currently low interest rates can make refinancing your mortgage a good option, however, be sure to steer clear of bogus mortgage modification scams and the like. Below we have detailed what not to do if you decide that refinancing is right for you. ...
BBB Warns Homeowners: Changes to Mortgage Rules Bring Out Scammers
Duluth Weekly
Report scams to BBB at www.bbb.org/us/scam-source. The changes to the HARP program were announced in October to allow homeowners to refinance at lower interest rates, even if their home is currently worth less than their mortgage...
Nevada, California Team Up on Foreclosure Fraud Investigation
Firedoglake
This alliance will link the offices' civil and criminal enforcement teams, speeding along the full, fair and adequate investigation of wrongdoing in the two states, which have experienced similar foreclosure and mortgage fraud crises. ...
SIGTARP, CFPB, AND TREASURY FORM JOINT TASK FORCE TO COMBAT HAMP MORTGAGE ...
RealEstateRama (press release)
Mortgage scams harm not only homeowners but legitimate businesses and the market as a whole,” said Richard Cordray, Chief of Enforcement for the CFPB. “By joining forces with SIGTARP and Treasury, the CFPB hopes to protect Americans and the integrity ...
How to avoid real estate scams
Payson Roundup
With the change in property values there has also been more incidents of companies posing asmortgage rescue firms. They ask for an upfront deposit, pocket the money and effectively do nothing to help the homeowner. To avoid these scams...
Schaer, Burzichelli, DeAngelo & Watson Coleman 'Foreclosure Rescue Fraud ...
Insurance News Net (press release)
The sponsors said the measure stemmed from 2008 legal action initiated by the state Office of the Attorney General against numerous foreclosure rescue companies, mortgage loan providers, industry employees and lawyers for violating the state's Consumer ...

Mortgages and Housing: Delinquencies Unchanged, CA FC ...
By admin
Task force set up to investigate mortgage scams - The U.S. Treasury Department announced on Thursday that it will be part of a newly formed task force aimed at shutting down mortgage scamsmasquerading as government help plans. ...

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