Monday, June 18, 2012

Mortgage Scams Identity Theft - Mon Jun 18, 2012

California DRE: Real Estate Agent Pleads Guilty to Conspiracy to ...
MarketWatch (press release)
The case was referred to the AG's Mortgage Fraud Strike Force, established
by Attorney General Kamala Harris in May 2011 to investigate and prosecute
...
<http://www.marketwatch.com/story/california-dre-real-estate-agent-pleads-guilty-to-conspiracy-to-commit-real-estate-fraud-in-connection-with-short-sale-transaction-2012-06-18>


Home loan modification scams on the rise
Federal Way Mirror
The Attorney General warns that residents should be on the lookout for "television and radio advertisements, flyers, mailings, e-mails and phone calls from those offering mortgage help for a fee." According to the AG's office, the scam artists comb ...



Foreclosure rescue scams are going strong
News Sentinel
It says that "The current foreclosure crisis has provided persons who may perpetrate mortgageforeclosure rescue and loan modification schemes with unprecedented opportunities to profit from homeowners desperate to save their homes.




Local groups provide free foreclosure help, warn homeowners against scams ...
Plain Dealer
About 8 percent of mortgages statewide were at least 90 days past due, and about a third of homeowners owed more than their homes are worth. Throughout the month, local HUD-approved nonprofits that work 211 are holding free events to help Cuyahoga

Mortgage fraud up
This is Somerset
There was a four per cent increase in financial services application fraud overall, which was also driven by a growth in insurance and current account fraud, the study said. The latest figure marks the fifth annual mortgage fraud increase in a row, ...


KYC Practices Fight Fraud
BankInfoSecurity.com
The year, the FBI actually increased its resources for financial- and mortgage-fraudinvestigations. The critical role information sharing with law enforcement and other banking institutions plays. As head of SWACHA, one of the largest not-for-profit ...


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