Out here in California, some in the business have been following the case of 28-yr old Garret Gililland III. Originally from the Sacramento area, he was just captured in Spain and brought back to California to face charges of a $100 million mortgage fraud ring. In yet another example of what seems to...
Today the FBI has published its mortgage fraud report for 2008. The "Year in Review" highlights increasing reports of mortgage fraud in the form of Suspicious Activity Reports (SARs). The FBI defines Mortgage Fraud as: "Mortgage fraud is a material misstatement, misrepresentation, or omissions...
Live! From Washington D.C.: Treasury Secretary Timothy Geithner Opens Up News Conference (Bloomberg News)
Treasury Secretary Tim Geithner will discuss the government's plan for foreclosure fraud. A preview of what to expect with Howard Glaser, mortgage industry consultant and CNBC's Diana Olick.
Reports of mortgage foreclosure scams are on the rise, and the Federal Reserve Board has compiled some tips to help protect consumers from becoming victims of foreclosure avoidance scams. It's important for consumers to know that housing counselors and other resources are available at no or low cost...