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FCC warns of 50-state scam by fraudsters posing as mortgage lenders. Kate Gibson. Updated January 15, 2025 at 11:16 AM. ... then offer relief if the victims send payments via atypical routes. That ...
Mortgage fraud by borrowers from US Department of the Treasury [7]. Mortgage fraud may be perpetrated by one or more participants in a loan transaction, including the borrower; a loan officer who originates the mortgage; a real estate agent, appraiser, a title or escrow representative or attorney; or by multiple parties as in the example of the fraud ring described above.
Afterward, Jefferson’s bank disputed the mortgage payment amounts, and according to the broadcaster, in 2019, the bank filed a motion for summary judgment to take the house. It’s now in ...
In 2020 Nationstar Mortgage was ordered to pay $73 million by Consumer Financial Protection Bureau to roughly 40,000 homeowners for failing to provide basic operations as a mortgage servicing company from the span of 2012 to 2016.
A mortgage servicer is a company to which some borrowers pay their mortgage loan payments and which performs other services in connection with mortgages and mortgage-backed securities. The mortgage servicer may be the entity that originated the mortgage, or it may have purchased the mortgage servicing rights from the original mortgage lender. [ 1 ]
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Robert Allen Stanford (born March 24, 1950) is a convicted financial fraudster, former financier, and sponsor of professional sports. He was convicted of fraud in 2012, having operated an eight billion dollar Ponzi scheme, [1] [2] [3] and is now serving a 110-year federal prison sentence.
FirstPlus Financial Group was a Texas-based mortgage company. In 2011, a number of indictments and other legal actions showed that the firm had been taken over by Lucchese crime family [1] [2] by the use of threats and violence. They were able to remove the firm's entire board of directors and managers, replacing them with their own.