Articles

 Third Party Tactices: Tips for Managing the Equifax Breach. Read More

Scammers Conning Homebuyers Out of Their Downpayments. Read More

 Mortgage Fraud is On The Rise and Here Is What It Means to You. Read More.

 Law Enforcement Officials See Increased Sophistication in Mortgage Fraud. Read More

 As Mortgages Shift to Purchase Market, So Do Fraud Schemes. Read More

 Coto De Caza man gets 8 years for $2 million home loan cam that target more than 500 people. Read More

 SEC says "first ever cryptocurrency backed by real estate" is a fraud. Read More

 Buzzworthy with Ann Fulmer: Risk Management, Borrower Liens and Judgments Read More

 HUD Must get Better at Stopping Section 8 Fraud Read More

  CitiMortgage, Inc., O’Fallon, MO, Improperly Filed for FHA-HAMP Partial Claims Before Completing the Loan Modifications and Reinstating the Loans Read More

 Former Tulsa Housing Authority executive pleads guilty to audit fraud charge. Read More

 Convicted ex-lender who defrauded taxpayers is skimping on victim payments while living large, feds say Read More.

 Rate Defects Up From Year Ago; Rising Rates Could Spell Further Increase. Read More

 Sounding the Alarm. Mortgage Wire Fraud is a much bigger threat than you realize. Read More

 Ex-Asbury Park Housing Authority Executive Director Admits to $90K Theft. Read More

 CoreLogic: Mortgage Credit Risk Up in 3Q Read More

 Former Falls Housing Director Admits Theft. Read More

 4 More Charged With Sandy Fraud. Read More

 

 

Fraud Alert: Appraiser Identity Theft

02/22/2017. The Office of Inspector General (OIG) at the U.S. Department of Housing and Urban Development (HUD) uncovered a series of cases of appraiser identity theft. The schemes varied but resulted from someone using the State certification number of a Federal Housing Administration (FHA) roster appraiser. The FHA roster appraiser was unaware of the misuse until it came to light, usually by accident. Read More

Ex-Easton lawyer admits to helping defraud homeowners facing foreclosure

 02/22/2017 (Source: ctpost.com) BRIDGEPORT—A month after his co-conspirator pleaded guilty, a lawyer formerly of Easton has switched his own plea and admitted to participating in a scheme that took advantage of distressed homeowners.

Bradford Barneys, 51, pleaded guilty Tuesday in a federal court in Hartford to one count of conspiracy to commit mail and wire a fraud, according to a statement from the office of Connecticut U.S. Attorney Deirdre Daly.

From his law offices in Bridgeport, Barneys provided co-conspirator Timothy Burke a veneer of legitimacy as he defrauded struggling homeowners, according to the DOJ.

“Between approximately 2011 to at least 2014, (he) participated in dozens of meetings with Burke,” according to a DOJ statement. “At the meetings, Burke represented to homeowners that he would purchase their properties and presented to the homeowners quitclaim deeds, management agreements, indemnification agreements, and third party authorizations.”

According to officials, Barneys know that Burke was offering a fraudulent lifeline homeowners facing foreclosure. He stood by as Burke arranged fake sales of their homes, promising to take on their mortgage debt. He also helped Burke evict tenants from the houses he rented.... Read More