DSNews BY: Xhevrije West Mortgage fraud risk is being lowered by changes in residential origination practices and new regulation. According to a Fitch Ratings report released Tuesday, since the financial crisis, risk of fraud and misrepresentation has declined. “A key driver behind the poor performance of the peak vintage collateral was weak operational controls for the information […]
Category: Fraud
Freddie Mac Lists Steps To Help Distressed Borrowers Avoid Foreclosure Relief Scams
Florida Man Receives 21-Month Prison Sentence for Fraud
DSNews: Author: Brian Honea January 23, 2015 A Florida man has been sentenced to 21 months in federal prison for a fraud scheme perpetrated against businesses and individuals seeking lines of credit, according to an announcement on Friday from Christy Romero, the Special Inspector General for the Troubled Asset Relief Program (SIGTARP). The sentence was handed down […]