Federal prosecutors sued Bank of America for $1 billion on Wednesday, alleging that the bank’s former Countrywide unit concocted a mortgage scheme it called the "Hustle" in order to sell thousands of fraudulent and otherwise defective mortgage loans to Fannie Mae and Freddie Mac.
Aurora Pays $5.3M To End Calif. Mortgage Modification Suit. Aurora got out of the mortgage servicing business in. fraudulently induced borrowers to make mortgage payments by giving false.
The whistleblower who filed the qui tam lawsuit that led to the settlement received an award of $63.9 million. Another example of a successful mortgage fraud whistleblower: A former appraiser at Countrywide Financial filed a whistleblower lawsuit in 2009, accusing Countrywide of fraudulent appraisal and lending practices.
Four former employees of a Colorado mortgage originator claim in a lawsuit that their former employer fired them for trying to blow the whistle on widespread mortgage fraud taking place at the.
Falsifying documents is a criminal offense that involves the altering, changing, modifying, passing or possessing of a document for an unlawful purpose. It is considered a white collar crime and can be called by different names depending on your state, or be included as part of other collateral crimes.
For instance, Kane alleges in court papers, a Morgan-owned company bought Hickory Hollow for about $8.2 million in May 2013, then told an appraisal company that the purchase was $10.85 million.
Monday Morning Cup of Coffee takes a look at the news coming across the HousingWire weekend desk, with more coverage to come on larger issues. In the run-up to the housing crisis, many corners.
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CHICAGO-A couple who owned a now-defunct suburban title company, a disbarred attorney, and an attorney are among nine defendants who have been indicted in two separate mortgage fraud cases.
Elevations Credit Union celebrates Governor’s Proclamation – CUInsight An ensign with the union downwards had hitherto been kept hoisted as a signal to Captain Palmer of our distress; but, in this moment of enthusiasm, a seaman quitted the crowd, and, having obtained permission, ran to the flagstaff, hauled down the ensign, and rehoisted it.
Mesh medical device news desk, November 16, 2016 ~ RICO lawsuit filed naming Boston Scientific alleges fraudulent activities involving Chinese smuggled pelvic mesh. A newly filed lawsuit accused Boston Scientific Corp. (BSC), maker of transvaginal mesh, with racketeering activity and trafficking in counterfeit goods, specifically transvaginal pelvic mesh.
According to allegations in the indictment, Jessica Martinez worked as a loan processor at a Houston area-business known variously as Globan Mortgage Company, Casa Milagro, and First Milagro. She allegedly submitted falsified loan applications for Gilbert and Felix Martinez and others to Farmers and Merchants Bank. The indictment alleges the.
3 Burning Questions (Fantasy Baseball) Kara Goucher Nearly Collides With Mountain Lion on Morning Training Run Arenado homers as rockies outlast giants, 12-11 Could U.S. Cannabis Marijuana Federal Legalization Happen in 2019? – ETF Daily News It would effectively make marijuana legal at the federal level in much of the U.S. There has been plenty of skepticism about whether the STATES Act has a shot at passage. But there’s one big reason why U.S. marijuana legalization might actually happen this year: politics.Arenado homers as Rockies outlast Giants, 12-11 As temperatures hover in the 30s, a lone fan bundles up to watch the Colorado Rockies play the San Francisco Giants in the fourth inning of a.The other, cabazitaxel, was banned for NHS use last week. Trials show that men taking abiraterone and a steroid survived for nearly 15 months, while those given steroid treatment and a dummy’ pill.Beth Chapman, ‘Dog the Bounty Hunter’ star, has died Beth Chapman of A&E’s Dog the Bounty Hunter fame died Wednesday in a Honolulu hospital. Her husband Duane "Dog" Chapman confirmed the news via Twitter, "It’s 5:32 in Hawaii, this is the time she would wake up to go hike Koko Head mountain. Only today, she hiked the stairway to heaven.Rosenthal: Twelve burning questions for the MLB trade deadline By Ken Rosenthal Jul 15, 2019 184 It was hardly a shock that teams run by Dave Dombrowski and Billy Beane made the first two.Welcome Susan Mathis Susan Mathis Profiles | Facebook – View the profiles of people named Susan Mathis. Join Facebook to connect with Susan Mathis and others you may know. Facebook gives people the power to.