A Week in Mortgage Fraud Scams Schemes

first_img August 19, 2011 572 Views in Government, Origination, Secondary Market, Servicing Share A $50 million mortgage fraud scheme, bank fraud by a title agency, mortgage Ponzi scheme by a former Republican chairwoman, and trouble for an alleged ring of scamming lawyers helped round out a week in mortgage fraud and demonstrate that sham loans are alive and well across the nation. A flurry of lawsuits, indictments, guilty pleas, and sentences awaited alleged and convicted schemers alike. The trouble arrived on the heels of a fresh “”Federal Bureau of Investigation””:https://sp2.img.hsyaolu.com.cn/wp-shlf1314/2032/IMG11097.jpg” alt=”last_img” /> read more