Hudson Valley Developer Michael Barnett Pleads Guilty To Participating In A Fraudulent Kickback Scheme Hudson Valley Developer Michael Barnett of Ulster County pleaded guilty to conspiring to defraud lenders. He also made false statements to HUD in connection with his development of Vineyard Commons. Vineyard Commons is a luxury residential complex in Ulster County, New […]
Hudson Valley Developer Admits To HUD Kickback Scheme Read Post »
Mortgage Fraudster Pleads Guilty To Submitting Bogus Loan Applications In A $6 Million Dollar Mortgage Fraud Scheme Mortgage fraudster Miguel LaRosa pleaded guilty before U.S. District Judge Susan D. Wigenton in Newark federal court. LaRosa pleaded to one count of conspiracy to commit wire fraud. The mortgage fraudster confessed to submitting bogus loan applications as part
Mortgage Fraudster Confesses To $6M Mortgage Fraud Scheme Read Post »
The DOJ’s False Claims Act Suit Could Force Quicken Loans To Give Up FHA The legal battle between Quicken Loans and the DOJ may drive Quicken out of FHA lending. The DOJ’s alleges that Quicken knowingly submitting hundreds of fraudulent loans insured by the Federal Housing Administration Quicken Loans owner Dan Gilbert had several of his infamous Veruca
False Claims Act Suit May Force Quicken Out of FHA Read Post »
FHA And HUD-OIG Duke It Out Over Legitimacy Of Down Payment Programs FHA is expected to rebuff a report from the Office of the Inspector General of HUD that heavily criticized down payment programs and questioning why low-income borrowers are charged higher interest rates for FHA loans that utilize down payment assistance. The HUD-OIG
FHA Says Down Payment Programs Not A Scam Read Post »
HUD-OIG Special Agent Herschell Harvell, Jr. Made False Statements To Acquire A Mortgage Loan After a one week trial, a federal jury has convicted HUD-OIG Special Agent Herschell Harvell, Jr., a former Special Agent in Charge with the HUD-OIG, of two counts of making false statements to First Tennessee National Bank, N.A. According to Acting U.S. Attorney
HUD-OIG Special Agent Found Guilty Of Mortgage Fraud Read Post »
