Mortgage Fraud Risk Grows, Could Rise More
Quarterly mortgage fraud risk increased and is expected to go higher. Communities in New York and Florida are at the most risk.
GSE Initiatives Expected to Cut Mortgage Risk
The risk of bad data in mortgage applications was held in check, and government-sponsored enterprise initiatives will help even more next year.
Alt-Documentation Loans at Greater Risk of Fraud
A new report says that residential loans which are underwritten using alternative documentation are more susceptible to fraud.
Mortgage Broker's Attorney Dozes Off During Trial
A Pennsylvania mortgage broker who was convicted of mortgage fraud this week will get a second chance thanks to his lawyer dozing off during trial.
Mortgage Broker, Sister Convicted of Mortgage Fraud
A Pennsylvania man and his sister have been tried for and convicted of committing mortgage fraud through his mortgage brokerage business.
Former Fifth Third Executive Sentenced
A former executive at Fifth Third Bancorp's banking subsidiary has been sentenced to prison for alleged bribes and fraud on real estate loans.
Mortgage Firm's Owner On Trial for Mortgage Fraud
The owner of a defunct mortgage firm is accused using fake appraisals and fraudulent documents in a multi-million-dollar mortgage fraud conspiracy.
Bigger Drop in Fraud Risk on Gov Apps than Conv
Last month, potential fraud on new residential loan applications was no different than in July. A decline in risk on conventional applications was exceeded by the decline on government transactions.
Mortgage Fraud Risk Rises, Valuation Risk Down
Although the number of fraudulent mortgage applications dipped, the share and risk worsened. But a big improvement was made on valuation fraud risk.
Refis, Compliance Help Reduce Mortgage App Risk
As refinance share has widened and mortgage compliance has been bolstered, the level of risk on new mortgage applications has subsided.