Mortgage Fraud Cases Post 35% Decline

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Cases of residential mortgage fraud in the US done in collusion with mortgage industry professionals dropped 35 percent between 2010 and 2011, according to the LexisNexis risk solutions mortgage fraud Report.

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Mortgage fraud can mean big bucks for conmen but if caught and convicted it will result in long jail terms. MFG takes a look at some recent court cases Nine members of a Birmingham-based mortgage fraud gang were jailed in April 2016 for a 4.4 million fraud. However, it has now emerged the fraud.

Judges Sing The Theme To Rawhide As Foreclosure Defense Become Harder And Orlando Foreclosures Decline As Orlando foreclosures decline so do the bottom-feeding bargain hunters. Metro Orlando foreclosures continue to decline. The Orlando area has had 8% fewer filings in April than a month earlier. In addition, Orlando foreclosures declined 35%.

The Incredible Shrinking Non-Bank Mortgage Lending Market According to the Conference of State Bank Supervisors, non-bank mortgage lenders saw their number decline by about 3.5. to fund themselves.

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The report also showed that during the year, the sector had seen an 18 per cent decline in mortgage application fraud to.

Occupancy Fraud is a form of mortgage fraud; The home buyer may have the best intentions in purchasing the property for a family member who does not qualify for a mortgage due to credit or income issues; They may think that a little white lie will not hurt; But mortgage regulators and the FBI consider and view occupancy fraud as a serious crime