LexisNexis® Legal Newsroom
Federal Court Refuses To Dismiss Government’s Statutory Claims against Mortgage Originators That Allegedly Defrauded HUD

A federal judge recently rejected motions to dismiss in a suit in which the U.S. government alleged that two mortgage originators and their officers defrauded the Department of Housing and Urban Development (HUD) into insuring risky mortgage loans. In its complaint, the government alleged that the...

"Just One Victory" By Bank Over Todd Rundgren In Foreclosure Fight

Todd Rundgren is a well known musician, songwriter, and producer. Most of his hits came out in the 1970's and early 1980's and are therefore a bit before my time. However, he was thrust back into the limelight when Liv Tyler shot to fame in the early 1990's as, among other things, the star...

Lender Allowed To Foreclose But Punished By Court For Violating Consumer Fraud Act

A New Jersey trial court has issued an interesting opinion, [ enhanced version available to lexis.com subscribers ], allowing a lender to foreclose but imposing significant limitations on the lender because the court concluded that the lender had violated the Consumer Fraud Act. In Freedom Mortgage...

mortgage fraud

loan fraud

Struggling Homeowners Scammed By $1,995 Guaranteed Home Loan Modification Scheme

In an elaborate loan-modification scheme, more than 90 homeowners struggling to make their mortgage payments have been defrauded out of at least $250,000. Robert Walker, who has been indicted on 21 counts of mail fraud and two counts of wire fraud, is accused of making multiple false representations...

Fraud Mastermind Uses Straw Buyer To Pull Off $2.1 Million Mortgage Theft

A six-count indictment has been filed in federal court charging Derryl L. Tanner and Julie A. Becker with engaging in a $2.1 million mortgage-fraud scheme. Tanner and Becker are accused of conspiring in 2006 to defraud several lending institutions related to transactions involving a home at 1517 Fitzroy...