Mortgage Fraud at Highest Level Since Recession – Saldutti Law Group

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Mortgage Fraud at Highest Level Since Recession – Saldutti law group. mortgage fraud is a crime in which the intent is to materially misrepresent or omit information on a mortgage loan application in order to obtain a loan or to obtain a larger loan than could have been obtained had the.

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Trump’s son-in-law has served as a senior adviser to him as both candidate. Less than an hour following his sentencing, the former campaign chairman was charged with residential mortgage fraud and.

Chelsea Building Society and B&B recently revealed that they have lost tens of millions of pounds each through mortgage fraud perpetrated by crooked mortgage. There is no suggestion that Abbey.

The US Justice Department argued that Countrywide, which was bought by Bank of America in 2008, committed fraud by selling shoddy home loans over a two-year period to Fannie Mae and Freddie Mac, two government-sponsored enterprises (GSEs) designed to enhance the flow of credit to targeted sectors of the economy.

BLOG VIEW: As the U.S. economy continues to heal from the effects of the Great Recession. For reverse mortgage bankers, therein lies the trillion-dollar opportunity. Since sub-prime loans are a.

Mortgage fraud risk has hit its highest level in seven years, according to new data from CoreLogic. The report shows a 12.4% year-over-year increase in fraud risk at the end of the second quarter. Mortgage fraud risk has increased continually for the last seven quarters.

Mortgage fraud continued at elevated levels in 2010, consistent with levels seen in 2009. Mortgage fraud schemes are particularly resilient, and they readily adapt to economic changes and.

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 · Mortgage fraud risk has hit its highest level in seven years, according to new data from CoreLogic. The report shows a 12.4% year-over-year increase in fraud risk at the end of the second quarter. Mortgage fraud risk has increased continually for the last seven quarters.

Auto Loan Delinquencies at Highest Level Since 2010 – Saldutti Law Group A record 7 million Americans are 3 months behind on car payments. Is this a red flag for economy?