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The Consumer Financial Protection Bureau (CFPB), together with attorneys general and state banking regulators in 49 states, and the District of Columbia obtained a Consent Judgment requiring Ocwen Financial Corporation—who at the time, was the largest nonbank mortgage loan servicer in the country—and its subsidiary, Ocwen Loan Servicing, to ...
Scams and confidence tricks are difficult to classify, because they change often and often contain elements of more than one type. Throughout this list, the perpetrator of the confidence trick is called the "con artist" or simply "artist", and the intended victim is the "mark".
A multimillion-dollar scam by real estate agents and loan officers, in collusion with homebuyers, left mortgage lenders in the dust, authorities say. Two real estate agents and two mortgage loan ...
The bank officials sanctioned large-scale corporate loans to realty developers, overriding mandatory conditions for such approvals along with other irregularities. [1] The Central Bureau of investigation arrested number of high official from the several financial institutes in India in connection with the housing scam in 24 November 2010.
Inquiries and complaints about so-called forensic loan audits, aimed at getting mortgage modifications, are soaring -- leading consumer groups to warn that many of them are scams. Consumers need ...
Home & Garden. Lighter Side
The worst economic crisis since the Great Depression has provided happy hunting grounds for legions of unscrupulous scammers looking to take advantage of financially strapped consumers. Thanks to ...
Edward Davenport, self-styled as a "Lord"; [17] from 2005 to 2009 was the "ringmaster" of a series of advance-fee fraud schemes for (non-existent) loans that defrauded dozens of individuals out of millions of pounds, [18] while costing his clients further hundreds of millions in losses when they signed development property commitments backed by ...