9 Articles match "Company","Fraud"

• The Best from RealtyTrac

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• Foreclosure Crisis Sparks Surge in Arson
  
  We’ve seen a dramatic increase in this kind of fraud,” Dan Bales, the head of fraud investigations at Mercury Insurance, told the Los Angeles Times . “People Neighbors are getting burned too, when higher premiums are passed on to them by insurance companies. In desperate times people resort to desperate measures. Facing foreclosure, some homeowners are setting fire to their homes for the insurance money.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Separating the wheat from the chaff: legitimate foreclosure investors vs. scammers
  
  An article in the Los Angeles Times onTuesday documented the sad story of a defaulted homeowner who was thevictim of alleged foreclosure fraud. The article goes on tomake the case that foreclosure fraud crime is on the rise. an Irvine-based company thatmonitors foreclosures. The homeowner said he was trickedinto signing over the title of his home by a scam artist who didnothing to stop the foreclosure and then took out another loan againstthe property with no intention of paying it off. It is a crime thatconsumer advocates fear could become increasingly common — especiallyin
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Legislating Lower Foreclosure Rates?
  
  Local mortgage planning specialist and blogger Dan Green created the map to the right showing where mortgage fraud has been reported in Chicago (black dots and orange fill) and where the pilot program is being applied (red fill). This law is aimed at providing “consumer protections against property fraud for homeowners who are in default or foreclosure,” according to a press release put out by Illinois Gov. An Illinois law intended to help reduce foreclosures is drawing cries of discrimination from some of the people it is trying to protect, according to the Chicago Defender newspaper. “Nearly 60 days after Illinois House Bill 4050 went into effect to supposedly protect consumers from predatory lenders, a coalition of Black and Latino city residents say the new law is actually destroying property values in select minority communities.” The law is a pilot program that is being applied in 10 Chicago zip codes chosen for their high foreclosure rates, among other factors.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• National Registration For Loan Officers Becomes Reality
  
  Could it be that the nice person carefully writing down your social security number and financial information has committed fraud, is barred from selling loans in another state or never took a mortgage financing class? The short answer is that it’s set up to reduce mortgage fraud and assure that state-licensed loan officers meet minimum educational requirements. National Registration For Loan Officers Becomes Reality By Peter G. Miller     What do you know about your loan officer?
  www.realtytrac.com - Tuesday, February 3, 2009
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• Don't Dump Investors
  
  Miller    When it comes to bailing out giant banks, huge companies and massive stock brokerages theres no shortage of government interest and activity. However, none of these efforts are a silver bullet that will undo the excesses of the past years, nor are they designed to bail out real estate speculators or those who committed fraud during the mortgage process. Don’t Dump Investors By Peter G. After all, its in our national interest to protect investors — unless, of course, theyre folks who merely bought a house or two.
  www.realtytrac.com - Tuesday, February 3, 2009
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• Foreclosure "Megatrends"
  
  Fraud legislation. Return of the “Jingle Mail” Already, companies are positioning themselves to profit from the wreckage of the subprime folly. Foreclosures are rising. Home prices are falling. Sales are down.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• New York Versus Freddie Mac: Round One
  
  They, in turn, sell securities to pension funds, insurance companies, investors and sovereign funds around the globe. Personal defenses include lack of consideration, set off and fraud.” In other words, even a mortgage created by fraud becomes legitimatized if the loan is bought in good faith. Had the new law been on the books last year, it would have affected very few of the NY mortgages we purchased.” Also, German says that under Freddie New York Versus Freddie Mac: Round One By Peter G. Miller     It’s fight time
  www.realtytrac.com - Tuesday, February 3, 2009
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• The Government Goes After Loan Officers
  
  The SEC complaint reflects the McLean decision because it argues that mortgages are routinely bought from local originators, packaged on Wall Street and involve some use of the mail system. The Other Shoe You can bet that myriad banks and mortgage companies are asking attorneys to carefully review the SEC complaint. Because of stated income loans, home prices have gone up so dramatically that homes are now unobtainable for Americans wanting to use loan officers unwilling to commit fraud.” What About Borrowers? The Government Goes After Loan Officers By Peter G.
  www.realtytrac.com - Tuesday, February 3, 2009
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• July Foreclosure Report
  
  After bankruptcy, i immediately cleaned up my credit reports, i fought with one credit union and had the state of michigan on my side as they purposely tried to fraud my credit report adding double black marks and refusing to report the chapter 7 by law correctly. Including failed banks and financial companies, and ones committing crimes. U.S. foreclosure activity in July increased 8 percent from the previous month and 55 percent from July 2007, according to the RealtyTrac Foreclosure Market Report released today. View state-by-state details .
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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