Saturday, January 28, 2012

Mortgage Scam Identity Theft - Sat Jan 28, 2012


EDITORIAL: A Push on Mortgage Fraud
LoanSafe
by Alex Ferreras on January 27, 2012 in Scams (Source: Chattanooga Times/Free Press, Tenn.) – President Obama's promise in his State of the Union address to push a vigorous new investigation into the mortgage abuses that spiked home loans, ...
New Initiative Will Coordinate Probes of Mortgage Meltdown
LoanSafe
Harris already has her own 50-person task force to investigate mortgage fraud. The new initiative will be part of the existing Financial Fraud Enforcement Task Force, which the administration created in 2009 to better coordinate federal efforts to ...
Bloomington Duo Accused of Mortgage Fraud
LoanSafe
by Alex Ferreras on January 27, 2012 in Scams (Source: Dan Browning Star Tribune, Minneapolis) – Two Bloomington residents were arraigned Thursday in Minneapolis on charges that they ran an $8 million equity-stripping scheme under the guise of a ...
CEO of Virginia Foreclosure Rescue Fraud Sentenced to Prison
LoanSafe
by Moe Bedard on January 27, 2012 in Scams (Source: FBI) NORFOLK, VA—Kathleen Harps, 51, of Chesapeake, VA, was sentenced today in Norfolk federal court to 54 months in prison for operating a foreclosure rescue mortgage fraud scheme.
Seniors share lessons on spotting scammers
Asbury Park Press
“The Granny Scam”: Unsuspecting senior citizens are contacted by someone pretending to be a grandchild, requesting money for an emergency such as school tuition, medical bills, bail or a mortgage payment. Cash is requested, the caller then advises a ...



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