Tag Archives: mortgage fraud

ALTA takes aim at seller impersonation fraud: What to know

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As seller impersonation scams surge, the American Land Title Association is launching new protections, writes new contributor and current ALTA president Richard H. Welshons. Continue reading →

There’s nobody in charge of looking out for waste, fraud and abuse at Fannie and Freddie’s regluator

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FHFA acting Inspector General John “Joe” Allen is set to be fired, Reuters reports, and the position is now vacant as the mortgage giants move toward a public offering. Continue reading →

Embattled Fed Governor Lisa Cook says tariffs fueling inflation

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In her first public speech since President Trump’s attempt to remove her, the economist said she expects a “one-time increase” in prices, with inflation trending back down toward the 2 percent target once “the effects are behind us.” Continue reading →

Letitia James pleads not guilty, seeks dismissal of fraud case

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James’ attorneys will argue that she is a victim of vindictive prosecution and that Lindsey Halligan, the lone U.S. attorney who signed her indictment, was appointed illegally. Continue reading →

Trump administration lays out 5-year goals for Fannie, Freddie

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Equitable housing and climate change risk are out, deregulation and combating fraud are in. The plan sheds little light on Trump administration’s bid to spur homebuilders into expanding housing supply. Continue reading →

Feds charge Trump nemesis Letitia James with bank fraud

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James calls allegations over $109,600 mortgage baseless retribution, and a “continuation of the president’s desperate weaponization of our justice system.” Continue reading →

Fannie, Freddie close NY offices as Trump battles Letitia James

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The Trump administration is using its tight control over the mortgage giants to continue a vendetta against New York attorney general and other political opponents, critics say. Continue reading →

Supreme Court not ready to let Trump boot Fed Governor Lisa Cook

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The legal battle over the Fed’s independence will drag into next year, with the Supreme Court to hear oral arguments in January on the Trump administration’s bid to fire Cook. Continue reading →

Trump asks Supreme Court to remove Fed Governor Lisa Cook

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Lower courts have ruled Cook can continue to serve on the central bank’s board while she challenges the Trump adminstration’s move to fire her over unproven mortgage allegations. Continue reading →

Fed Governor Lisa Cook can keep her job pending court appeal

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Trump’s move to fire Cook likely violated her right to due process, and “for cause” provision for removal is limited to governor’s behavior in office, judge rules in granting preliminary injunction. Continue reading →