Real Estate Industry News » Legislative & Regulatory http://www.realestateindustrynews.com Real Estate Industry News and Information for Real Estate Professionals Fri, 03 Feb 2012 02:49:22 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Las Vegas Real Estate Agent and Mortgage Broker Convicted for Their Roles in Mortgage Fraud Scheme http://www.realestateindustrynews.com/legislative-regulatory/las-vegas-real-estate-agent-and-mortgage-broker-convicted-for-their-roles-in-mortgage-fraud-scheme/ http://www.realestateindustrynews.com/legislative-regulatory/las-vegas-real-estate-agent-and-mortgage-broker-convicted-for-their-roles-in-mortgage-fraud-scheme/#comments Fri, 03 Feb 2012 02:49:22 +0000 News Desk http://www.realestateindustrynews.com/?p=3401 WASHINGTON – A real estate agent and a mortgage broker, both of Las Vegas, were found guilty today for their participation in a mortgage fraud scheme that netted nearly $2.5 million in fraudulent mortgage loans, announced Assistant Attorney General Lanny A. Breuer of the Justice Department’s Criminal Division, U.S. Attorney Daniel G. Bogden of the

Continue reading... Las Vegas Real Estate Agent and Mortgage Broker Convicted for Their Roles in Mortgage Fraud Scheme

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  1. Real Estate Agent Sentenced to Federal Prison for Defrauding Bank in Short Sale Mortgage Fraud Scheme David B. Fein, United States Attorney for the District...
  2. Virginia Real Estate Businessman Pleads Guilty to Mortgage and Investment Fraud Schemes WASHINGTON – Alexander Otis Matthews, a Virginia real estate...
  3. Real Estate Agent, Loan Officer Among Five Defendants to Plead Guilty to $11 Million Mortgage Fraud KANSAS CITY, MO—Beth Phillips, United States Attorney for the Western...
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SACRAMENTO, Calif. — A real estate investor pleaded guilty today in U.S. District Court in Sacramento to conspiring to rig bids and commit mail fraud at public real estate foreclosure auctions held in San Joaquin County, Calif., Sharis A. Pozen, Acting Assistant Attorney General of the Department of

Continue reading... California Investor Pleads Guilty To Bid Rigging And Fraud At Public Real Estate Foreclosure Auctions

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  1. CALIFORNIA REAL ESTATE INVESTOR PLEADS GUILTY TO BID RIGGING AT PUBLIC FORECLOSURE AUCTIONS Eighth Guilty Plea in the Investigation to Date WASHINGTON —...
  2. Real Estate Investor Pleads Guilty to Bid Rigging At Foreclosure Auctions SACRAMENTO, Calif. — A real estate investor pleaded guilty last...
  3. Real Estate Investor Pleads Guilty to Bid-Rigging at Foreclosure Auctions A real estate investor pleaded guilty this week in...
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Louis Gendason, 42, of Delray Beach, Fla., was sentenced to 70 months in prison, five years of supervised release and ordered to

Continue reading... Florida Loan Officer Sentenced in Connection with $2.5 Million Reverse Mortgage Fraud and Loan Modification Scheme

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  1. Florida Loan Officer Sentenced in Connection with $2.5 Million Reverse Mortgage and Loan Modification Scheme WASHINGTON – A Florida loan officer was sentenced today...
  2. Two Individuals Sentenced in Connection with $2.5 Million Reverse Mortgage and Loan Modification Scheme WASHINGTON – Two individuals – a loan officer and...
  3. Two Loan Officers and One Title Agent Charged in $2.5 Million Reverse Mortgage and Loan Modification Scheme Plead Guilty in Miami MIAMI – Louis Gendason of Delray Beach, Fla.; Kimberly Mackey of Pittsburgh; and John...
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The guilty plea was announced by

Continue reading... Austin, Texas, Man Pleads Guilty to Bankruptcy Fraud and Identity Theft in Connection with Nationwide Foreclosure-rescue Scheme

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  1. Las Vegas Man Pleads Guilty in Connection with Fraud Scheme to Gain Control of Condominium Homeowners’ Associations WASHINGTON – A Las Vegas man pleaded guilty today for...
  2. Three Charged with Fraud in Florida Foreclosure Rescue Scheme WASHINGTON – Lisa Wright, 46, and Cathy Saffer, 52, of...
  3. Virginia Real Estate Businessman Pleads Guilty to Mortgage and Investment Fraud Schemes WASHINGTON – Alexander Otis Matthews, a Virginia real estate...
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Continue reading... Norman Man to Serve 40 Months in Prison and Pay $4.3 Million in Restitution in Connection with Edmond Condominium Project

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  1. Former Coral Mortgage Operator Pleads Guilty to Multi-Million Dollar Securities Fraud ST. LOUIS, MO—The United States Attorney’s Office announced the...
  2. Las Vegas Man Pleads Guilty in Connection with Fraud Scheme to Gain Control of Condominium Homeowners’ Associations WASHINGTON – A Las Vegas man pleaded guilty today for...
  3. Man Charged in $20 Million Mortgage Fraud Scheme MINNEAPOLIS—Earlier this week in federal court, a 52-year-old man...
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Continue reading... FHA Extends Waiver of Anti-Flipping Regulations Through End of 2012

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  1. 2012 Presidential Elections: 69.6% of Americans Said Housing Will Influence Their Vote Candidate positions on housing will be important considerations to nearly...
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  3. Poll shows housing market second only to jobs in voter influence in 2012 A recent survey by Houselogic.com, a consumer website from the...
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John Incandela, 25, of Palm Beach, Fla., was sentenced to 41 months in prison, three

Continue reading... Florida Loan Officer Sentenced in Connection with $2.5 Million Reverse Mortgage and Loan Modification Scheme

Related posts:
  1. Two Individuals Sentenced in Connection with $2.5 Million Reverse Mortgage and Loan Modification Scheme WASHINGTON – Two individuals – a loan officer and...
  2. Two Loan Officers and One Title Agent Charged in $2.5 Million Reverse Mortgage and Loan Modification Scheme Plead Guilty in Miami MIAMI – Louis Gendason of Delray Beach, Fla.; Kimberly Mackey of Pittsburgh; and John...
  3. Three Loan Officers and a Title Agent Charged in $2.5 Million Reverse Mortgage and Loan Modification Scheme The Justice Department announced the unsealing of a criminal...
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Washington, D.C., Dec. 16, 2011 — The Securities and Exchange Commission today charged six former top executives of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) with securities fraud, alleging they knew and approved of misleading

Continue reading... SEC Charges Former Fannie Mae and Freddie Mac Executives with Securities Fraud

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  1. Former Coral Mortgage Operator Pleads Guilty to Multi-Million Dollar Securities Fraud ST. LOUIS, MO—The United States Attorney’s Office announced the...
  2. Fannie Mae Offering 3.5 percent Buyer Assistance on HomePath Properties Fannie Mae announced today that people purchasing a Fannie Mae-owned...
  3. Freddie Mac Offering Closing Cost Assistance to Home Buyers HomeSteps, the home-sale division of Freddie Mac, announced today it...
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  1. Alabama Real Estate Investors Agree to Plead Guilty to Conspiracy to Rig Bids for the Purchase of Real Estate at Public Foreclosure Auctions UPDATE – Criminal Complaint against M & B Builders -...
  2. Alabama Real Estate Investor Agrees to Plead Guilty to Conspiracy to Rig Bids for the Purchase of Real Estate at Public Foreclosure Auctions WASHINGTON – A Mobile, Ala., real estate investor has...
  3. Real Estate Agent Sentenced to Federal Prison for Defrauding Bank in Short Sale Mortgage Fraud Scheme David B. Fein, United States Attorney for the District...
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  1. Real Estate Investor Pleads Guilty to Bid Rigging At Foreclosure Auctions SACRAMENTO, Calif. — A real estate investor pleaded guilty last...
  2. Real Estate Investor Pleads Guilty to Bid-Rigging at Foreclosure Auctions A real estate investor pleaded guilty this week in...
  3. CALIFORNIA REAL ESTATE INVESTOR PLEADS GUILTY TO BID RIGGING AT PUBLIC FORECLOSURE AUCTIONS Eighth Guilty Plea in the Investigation to Date WASHINGTON —...
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