All posts tagged fraud


Latest real estate scam turns for sale homes into ‘for rent’ homes

Is it time for the real estate industry to cut ties with Craigslist and other websites that don’t police their ads or take action against violators? It the industry moving to fast with digital marketing?

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Department of Justice sues Bank of America for $850 million in investor fraud case

U.S. DEPARTMENT OF JUSTICE - Attorney General Eric Holder and U.S. Attorney for the Western District of North Carolina Anne M. Tompkins recently announced the United States has


Short sale scammers still making the rounds

RAE CATANESE - If you've been struggling with your mortgage payments, miss a few and then get a call from an "investor" claiming a desire to buy your


DeadlineNews.Com’s offsite National Mortgage Settlement coverage

DEADLINE NEWSROOM - DeadlineNews.Com is committed to following the National Mortgage Settlement with stories appearing here and elsewhere. Our National Mortgage Settlement coverage here, on DeadlineNews.Com, is bolstered by


Mortgage reform targets foreclosure abuse, mortgage servicing failures

Foreclosure abuse prevention is the target of a major set of new provisions in the Consumer Financial Protection Bureau's (CFPB) federal overhaul of mortgage regulations. The rules establish new,


Smooth moves prevent identity theft

EXPERIAN - Moving can be an overwhelming and distracting experience that creates opportunities for enterprising criminals to make you a victim of identity theft. By the way, when someone


4.2 million Independent Foreclosure Review-related payments up to $125,000 begin today

FEDERAL RESERVE BOARD - Payments to 4.2 million borrowers are scheduled to begin today April 12 following an agreement reached by the Office of the Comptroller of the


Lingering economic fallout, mortgage servicing violations prolong housing recovery for many Americans

It should come as no surprise that nearly 80 percent of Americans aren't buying the housing recovery and many of them think the worst is still yet to


CFPB: Mortgage insurers to pay $15.4 million to end kickbacks

CONSUMER FINANCIAL PROTECTION BUREAU — The Consumer Financial Protection Bureau (CFPB) today announced four enforcement actions to end what the Bureau believes to be improper kickbacks paid by


$1 million grant to put more teeth into enforcing California’s ‘Homeowner Bill of Rights’

CALIFORNIA ATTORNEY GENERAL - Attorney General Kamala D. Harris recently announced a $1 million California Homeowner Bill of Rights (HBOR) implementation grant to The National Housing Law Project. This


California, U.S., 12 states sue S&P for using ‘magic numbers’ to inflate mortgage-backed securities’ ratings

CALIFORNIA OFFICE OF THE ATTORNEY GENERAL - Attorney General Kamala D. Harris on Feb. 5, filed a lawsuit against one of the nation’s major credit rating companies for


Independent Foreclosure Review gets another do-over

Perhaps the real news would be the answer to this question: "Why won't mortgage servicers simply abide by the original Independent Foreclosure Review order, give borrowers their due

thumbsdown shuts down after realty trade associations investigate is no longer offering a recently launched online service, purportedly for consumers to file reviews and complaints about real estate agents. An investigation by real estate trade association


California Homeowner Bill of Rights effective Jan. 1, 2013

New consumer protections for California homeowners are effective Jan. 1 2013. The California Homeowner Bill of Rights (CHBR), extends key mortgage and foreclosure protections to California homeowners and


Consumer watchdog snares mortgage loan modification scams

The Consumer Financial Protection Bureau (CFPB) announced Dec. 11 actions to halt two alleged mortgage loan modification scams it believes ripped-off thousands of struggling homeowners across the country.

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