California man found guilty in $5.8 million mortgage fraud scheme

MV Man Sentenced In mortgage fraud scheme: doj – Mission Viejo, CA – Multiple Orange County residents have been found guilty of this "builder buyout" scam causing over $10 million in losses, the.

Wells Fargo ups commissions to spur loan production Nevada AG: Criminal actions coming to servicing industry soon El Paso receives $75,000 grant to fix foreclosed homes FHA mortgage insurance premiums won’t be going down in 2015 An FHA loan is a mortgage that’s insured by the Federal housing administration (fha). They are popular especially among first time home buyers because they allow down payments of 3.5% for credit scores of 580+. However, borrowers must pay mortgage insurance premiums, which protects the lender if a borrower defaults.Bank REO down 18% from one year ago mortgage servicers bypass foreclosure delays with more short sales “Changes to loss mitigation guidelines and updated servicing rules and regulations created new complexity and compliance requirements, which led to delays. incentives for more voluntary liquidation.Foreclosed Homes in El Paso to be Restored with Help from Wells Fargo. is pleased to announce it has received a $75,000 grant from Wells Fargo to support the restoration of foreclosed or.The Center for popular democracy action. about criminal justice restructuring and immigrant rights. Tax March’s next move: activist trainings in Washington and grass-roots organizing in Arizona,

It’s the kind of brazen fraud. scheme to string along desperate homeowners by filing phony bankruptcies, among other tactics. His company has collected more than $7 million from victims, according.

The information and notices contained on The California Real Estate Fraud Report are intended to summarize recent developments in real estate fraud, mortgage fraud, short sale fraud, REO fraud, appraisal fraud, loan modification scams, loan modification fraud and other real estate related crimes occurring in Los Angeles and California.

Alan Tikal stole $5.8 million from homeowners. A California man will spend the next 24 years in prison for leading a mortgage fraud scheme through which he stole $5.8 million in fees and monthly payments from struggling homeowners. In September, Alan Tikel, 46, was convicted of 11 counts of mail fraud and one count.

New York, N.Y., in connection with his participation in a million mortgage fraud scheme. sanchez pled guilty before the U.S. District Judge William J. Zloch to count one of the indictment, which charged him with conspiracy to commit mail and wire fraud. sentencing is scheduled for January 3, 2013, in Fort Lauderdale, FL.

Mahyar Mohases, 33, of Irvine, California, pled guilty to one count of conspiracy to commit wire fraud and one count of wire fraud. Abghari, Romano, and Mohases are scheduled to be sentenced in the coming months.

Three California Residents Sentenced in $20 Million Mortgage Fraud Scheme -. 36, of Chatsworth, and Ryu Goeku, 48, of Canoga Park, California, previously pleaded guilty and are awaiting sentencing.

Alan David Tikal, 46, of Brentwood, California, was convicted yesterday on 11 counts of mail fraud and one count of money laundering in a mortgage fraud scheme through which he stole $5.8 million.

Monday Morning Cup of Coffee: Fannie, Freddie investors speak out The agreement between JPMorgan and the Justice Department is expected to include $4 billion to settle claims by the Federal Housing Finance Agency that the bank misled Fannie Mae and Freddie Mac..MBA: New home purchase mortgage apps rise 5% Last week, an index measuring mortgage home-purchase applications rose 5% from a week earlier and was 5% higher than the year-ago week, according to the Mortgage Bankers Association. "We saw a good week for the spring home buying season," MBA’s Joel Kan said in the report released on Wednesday.

Hudson County Man Charged in Multi-Million-Dollar Mortgage Fraud Scheme June 26, 2019 Anthony Garvin of Jersey City has been indicted for his role in running a large-scale mortgage fraud scheme.

BALTIMORE (AP) – Federal prosecutors say a man and a woman have pleaded guilty to a scheme to defraud individuals and financial institutions of more than $1 million through fake auto loan.