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

 

 

Federal auditors report inadequate accounting at social service charity

(Source: sandiegouniontribune.com) Mental Health Systems, the San Diego charity that last year was the subject of allegations of misconduct and lavish spending on luxury hotels and limousines, failed to properly account for more than $140,000 in federal housing funds, a new audit states.

“MHS did not allocate its payroll costs to Continuum of Care and Supportive Housing Program grants in accordance with program requirements,” U.S. Housing and Urban Development auditors said. “As a result, HUD had no assurance that $142,181 spent on salaries and benefits was appropriately charged to the grants.”

Charity officials said all of the spending on federal housing programs was appropriate but they improved their bookkeeping practices nonetheless.

“MHS has already developed, and in February 2017, implemented a revised policy for employee time allocation to its HUD grant programs,” chief executive James Callaghan wrote to auditors last month...

Man Sentenced to 14 Years in Squatting Case

  (Source: chicagotribune.com) A man previously described as the ring leader of a criminal enterprise that illegally took possession of several homes in the Chicago area has been sentenced to 14 years in prison, according to the Cook County state's attorney's office.

David Farr was sentenced Monday by Cook County Circuit Court Judge Alfredo Maldonado. He had been convicted last Sept. 30 of felonies, including theft of over $1 million and financial institution fraud.

Felonies against Farr and three other men had been announced by authorities almost two years ago, who said they illegally took possession of 14 vacant homes around the city and lived in them or rented them out to others...