Dec 20th 2011 3:35PM
SALT LAKE CITY -- A man who owned a loan modification business in Lehi and St. George is being accused of defrauding homeowners to pay for personal expenses including entertainment and his wife's plastic surgery. Utah Attorney General Mark Shurtleff says 34-year-old David Shawn Moffitt faces nine felony counts of... Continue Reading »
Dec 15th 2011 1:45PM
By Kerri Panchuk Mortgage fraud activity slowed overall in the third quarter, but California ranks first in home loan fraud, with the state seeing as much as $204.2 million in losses on deceptive mortgage activity. That's according to a new report from MortgageDaily, which found that lenders victimized by fraud faced... Continue Reading »
Dec 2nd 2011 10:20AM
NEW YORK -- Massachusetts sued five major banks Thursday over deceptive foreclosure practices such as the "robo-signing" of documents, potentially undermining negotiations between lenders and state prosecutors across the nation over the same issue. The lawsuit named Bank of America Corp., JPMorgan Chase & Co., Wells... Continue Reading »
Nov 22nd 2011 1:00PM
SAN FRANCISCO -- A criminal investigation into mortgage swindlers has expanded beyond deceptive advertising on Google's Internet search engine to root out con artists who were luring their victims on Bing and Yahoo, too. Monday's news of the widening probe confirmed that the Internet's three largest search engines had... Continue Reading »
Nov 17th 2011 4:15PM
The federal government has shut down 85 alleged online loan modification scams, and secured the cooperation of Google to stop the purportedly false advertising by those web operations. The government agency responsible for supervising the use of Troubled Asset Relief Program (TARP) funds recently targeted businesses that... Continue Reading »
