DOJ charges hundreds in mortgage rescue scams

New-home purchase applications dip slightly  · U.S. mortgage applications dip 4.6 percent. residential News » United States Edition | By WPJ Staff. Purchase activity increased slightly over the week, and the average loan amount for a purchase application reached a record high, a sign that the mix of purchase activity is still skewed toward higher priced homes," said Mike Fratantoni, MBA.

Department of Justice News release: financial fraud enforcement task force Hosts Mortgage Fraud Summit in Miami (02/24/2010) HTML Only fincen issues mortgage loan Fraud Update; Warns of Foreclosure Rescue Scam Techniques (02/18/2010) HTML | PDF

Housing’s Second Leg Down The median price of a house in August was $610,000, about $5,000 less than in July. For attached homes like condominiums or townhouses, the median sales price in August was $400,000, down $5,000 for the month and but up $25,000 since August of last year. The SDAR said 1,095 condos sold last month, down 3 percent from the month before and 11 percent below the same month in 2016.

A.G. Schneiderman Sues Brooklyn & Florida Law Firms Involved In Alleged Fraudulent Mortgage Rescue Scheme Lawsuit Seeks Restitution For Consumers, Penalties From Firms And Principal Attorney NEW YORK – Attorney General Eric T. Schneiderman today filed a lawsuit in New York County Supreme Court against two law firms and their lead attorney.

A yearlong Department of Justice and FBI initiative to protect distressed borrowers from foreclosure rescue scams resulted in charges against 530 accused con artists and the uncovering of $1.

Mortgage rescue fraud. Avoid any company that asks you to pay an upfront fee for assistance in helping you save your mortgage. You should never stop paying your mortgage to qualify for a loan modification. Be wary of a "forensic audit" of your mortgage loan, and do not pay an upfront fee for an audit.

2018 HW Insiders: Jami Haddad After retreating to $7.1 billion in the fourth quarter of 2018, JPMorgan’s profits rocketed in Q1 of. by our physical and digital channels,” JPMorgan Chairman and CEO Jamie Dimon said. “Consumer.

 · Four years later, we learn why Jamie Dimon’s JP Morgan Chase settled US fraud allegations for $13B. In retellings of the subprime crisis, Dimon and his bank have been held out as saviors of a sort, having stepped up to acquire and thus rescue Bear Sterns and Washington Mutual, sparing them the collapse that Lehman Brothers had suffered.

One of the most devastating aspects of the current financial crisis for homeowners is the prospect of losing their homes to foreclosure, and many homeowners have fallen victim to foreclosure rescue and loan modification schemes. In 2009, the administration created the Financial Fraud Enforcement Task Force (FFETF), which is led by the Department of Justice (DOJ), to combat these and other.

Two former managers for Bear Stearns Cos Inc., itself a recent victim of bad bets on mortgage securities, were arrested and indicted on securities fraud charges in New York. the U.S. Justice.

Press Release. Three California Residents Sentenced in $20 Million Mortgage Fraud Scheme July 16, 2018. dorothy matsuba, Jamie Matsuba, and Thomas Matsuba, were sentenced to 240, 135, and 168 months in prison, respectively, for their roles in a foreclosure rescue scheme.

Six years after it started, all four people behind a mortgage scam that bilked dozens of desperate North Texans out of hundreds of thousands of dollars. co-defendants assured homeowners a.

Masto opposes provision of settlement with big banks The president’s latest foray into a global trade war has troubled economists and roiled stock and bond markets. The Federal Reserve chairman, Jerome H. Powell, hinted on Tuesday that the central bank could cut interest rates if the trade war started to hurt the economy. The remarks sent stocks higher for their strongest day in months.