Articles

Fraud On The Rise in Mortgage Applications

 March 27. 2017 Fraud and misrepresentation in mortgage applications is on the rise, according to new data from First American Financial Corporation.

According to First American’s Loan Application Defect Index, the frequency of defects, fraud and misrepresentation in mortgage applications was up 4.1% month over month in February. It was also up 1.3% year over year, although it was still 25.5% lower than its peak in October of 2013. Read More

Sentencing Dates is Set For Lawyer in Alleged Short-Sale Scheme

Sentencing Dates is Set For Lawyer in Alleged Short-Sale Scheme.
Sentencing is set for April 28 for a New York lawyer accused in an alleged short-sale scheme in which homes were sold to new owners without paying off existing mortgages.

The lawyer, Helene Stetch, pleaded guilty Jan. 9 to criminal possession of stolen property, according to Meris Campbell, a spokesperson for the Queens County, New York, District Attorney’s office. The plea agreement calls for a sentence of 16 months to four years in jail. Read More