Articles

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 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

 

 

FormFree’s Ann Fulmer Named a 2017 ‘Elite Woman in Mortgage’ by Mortgage Professional America Magazine

 ATHENS, Ga., July 27, 2017 — FormFree® today announced that Chief Strategy and Industry Relations Officer Ann Fulmer is one of Mortgage Professional America (MPA) magazine’s 2017 “Elite Women in Mortgage.”

Fulmer, who officially joined FormFree in May but has served the firm in an advisory capacity for several years, was recognized for her significant contributions to FormFree’s staggering growth. In the past year alone, FormFree has signed more than 200 of the industry’s top lenders and seen a 20-fold increase in asset verification orders completed through its flagship app, AccountChek®.

Fulmer also played a key role in Fannie Mae’s October 2016 selection of AccountChek as its first “designated vendor” for asset verification through Desktop Underwriter® as part of the Day 1 Certainty™ initiative.

“Ann’s expert guidance and deep industry connections have been instrumental to FormFree’s growth and forging of new strategic relationships. Her contributions both to FormFree and the industry at large deserve every recognition possible,” said FormFree Founder and CEO Brent Chandler. “We’re proud to say this ‘Elite Woman’ is a valued member of the FormFree team.”

“I have always thrived on the challenge and reward of working with the influential companies and individuals that are transforming our industry,” said Fulmer. “It is a joy every day to work with the impressive group of people at FormFree, and I am grateful to be honored among such an accomplished group of like-minded women who are focused on the future of the mortgage industry.”

MPA’s annual list of “Elite Women in Mortgage” recognizes influential women leaders in the mortgage industry. For a full list of honorees, visit http://www.mpamag.com/rankings/elite-women-2017.

About Mortgage Professional America
A publication of Key Media, Mortgage Professional America (MPA) delivers news, opinion and analysis to mortgage, real estate and finance industry professionals through its bi-monthly magazine and daily email newsletter. For more information, visit http://www.mpamag.com/.

About FormFree®
Leading lenders trust FormFree’s automated verification solutions that streamline the loan origination process and provide better intelligence on borrowers’ ability to repay. FormFree’s flagship app, AccountChek®, eliminates the hassle of collecting paper statements from borrowers by using direct-access data untouched by human hands to consolidate, analyze and verify assets. AccountChek securely delivers automated asset verification data and on-demand reports to more than 350 leading U.S. lenders. A HousingWire TECH100™ company for four consecutive years, FormFree is based in Atlanta, Georgia. For more information, visit http://www.formfree.com/ or follow FormFree on LinkedIn

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 Media Contact:
Leslie W. Colley
Depth Public Relations
404-390-3830
leslie@depthpr.com
https://www.depthpr.com

Former St. Clair Housing Official Charged with Fraud

 (Source: thetimesherald.com) Aug. 8, 2017 The St. Clair Housing Commission’s former executive director is facing a fraud charge for allegedly misusing federal rental assistance funds and commission credit cards to benefit herself and family members. 

The charges allege Lorena Loren embezzled more than $300,000.

According to federal court documents filed Monday, Loren used Section 8 housing assistance payments to enter into fraudulent rental contracts on multiple occasions, including up until the time she left the position in August 2016. The fraudulent contracts were for properties in Port Austin, Bay City, and St. Clair, among others.

Federal prosecutors allege Loren utilized those contracts to deposit money meant to help low-income people pay for housing into multiple bank accounts. Prosecutors said the money benefited Loren and family members, including her son and husband.

She also is alleged to have used the housing commission’s credit cards at the Port Huron Township Sam’s Club, multiple Walmart stores and Amazon.com for a range of personal purchases, including adult and infant clothing, furniture, food, beauty supplies, medications, other household items and alcoholic beverages between 2010 and within the last two years.

Those purchases totaled a little more than $165,800, with most going to Amazon.

The charge is conspiracy to commit federal program fraud...