Tag Archives: mortgage fraud

Mortgage brokers warned of warehouse lending scammers

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Victims have been cheated out of hundreds of thousands of dollars overnight, with imposters also gaining access to borrowers’ sensitive personal information. Continue reading →

Top New Jersey loan mortgage originator charged with fraud

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Mortgage fraud scheme allegedly listed investors as homeowners to secure lower interest rates, prosecutors allege in criminal complaint against “Team Gallo” leader and his assistant. Continue reading →

Mortgage broker who forged loan documents for clients gets 5 years

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Prosecutors say Alex Ashod Dadourian, a licensed mortgage loan broker in Southern California, fabricated income and employment verification documents to win approvals for 17 mortgages totaling more than $8 million. Continue reading →

The internet is a hotbed for criminal behavior

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It isn’t safe to be on the internet, but that is where business comes from these days. Broker Teresa Boardman offers warning signs to look out for and ideas for keeping yourself safer from online predators. Continue reading →

Unlicensed mortgage broker siphoned off $4.74M in refi proceeds

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An unlicensed mortgage broker faces up to 30 years in prison after pleading guilty to a fraud scheme in which $4.74 million in mortgage refinancing proceeds were allegedly wired to accounts controlled by the perpetrators. Continue reading →

Protect your clients: 5 real estate scams to watch out for

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Purchasing a new home or renting a new space can be a beautiful yet nerve-wracking experience for your client, especially right now, and scams can only heighten that anxiety. Here are the most popular scams to watch out for. Continue reading →

Zombies, fraud and opportunity: All the mortgage stats you might’ve missed

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JPMorgan Chase Institute’s default rates associated with people who do and don’t have savings, Attom’s Q2 numbers on median opportunity zone home prices, MagnifyMoney’s retirement stats — as the summer comes to an end, here’s a roundup of some recent m… Continue reading →

Is a deal worth going to prison?

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The real estate world was shocked to learn of former Keller Williams and RE/MAX real estate agent Holly Pasut’s experience of going to prison for mortgage fraud. Here’s a story from an agent who might have gotten into similar trouble had it not been fo… Continue reading →