NJ mortgage broker accused of applications fraud – AP – msnbc.com
A New Jersey mortgage broker and former head of the Bergen County Improvement Authority has been indicted by a federal grand jury on charges of preparing fraudulent mortgage applications. Forty-seven-year-old Upper …
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Forty-seven-year-old Upper Saddle River resident Ronald O’Malley was named in a 68-count indictment returned Tuesday. Also indicted was 51-year-old River Vale resident Laura-Jean Arvelo, who worked for him. … Go to Source…
A former Jersey City police officer pleaded guilty on Thursday to making fraudulent statements in an application to obtain a Federal Housing Administration mortgage to buy property in Jersey City, officials said. In June 2000, Brian Ragauckas, 37, of … Go to Source…
A former Jersey City police officer pleaded guilty on Thursday to making fraudulent statements in an application to obtain a Federal Housing Administration mortgage to buy property in Jersey City, officials said. In June 2000, Brian Ragauckas, 37, of … Go to Source…
A mortgage broker from Newtown Square, a loan officer from Drexel Hill and a Philadelphia man were indicted by a federal grand jury for allegedly defrauding two banks out of more than $35.5 million. Bernadette Nicholas, 61, of Newtown Square, Kevin D … Go to Source…
A federal grand jury in Kansas City has indicted nine people in an $11 million mortgage fraud scheme that touched properties in half a dozen local communities. Prosecutors alleged Monday that the conspiracy ran from early 2005 to August 2006 and involved … Go to Source…
Fort Wayne – A judge has sentenced a former Fort Wayne mortgage broker to 11 years in prison after he pleaded guilty to three counts of break state loan brokering law. The Allen County judge also fined Joseph Garretson … Go to Source…
Mortgage applications to purchase a home fell last week to a 15-year low, despite the lowest mortgage rates in decades. Many potential buyers are holding off because they are worried about job security and fear the U.S. economy could slip back into another … Go to Source…
Government-controlled mortgage buyers Fannie Mae and Freddie Mac may reduce taxpayer risk by requiring more mortgage insurance from borrowers and charging lenders higher fees, steps that could increase borrowing costs, the head of their government … Go to Source…
The state Attorney General’s office sued Bank of America on Friday, accusing it of defrauding its mortgage customers. In a complaint filed in Maricopa County Superior Court, the state charges the bank, the largest servicer of home loans in Arizona, with … Go to Source…
An Edina mortgage broker was charged Friday for his role in a $20 million mortgage fraud scheme that involved 57 properties. Derrick Lance, 40 years old, was charged in federal court with one count of conspiracy to commit wire fraud. If convicted, he faces … Go to Source…
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