A former Florida-based appraiser with a revoked license was sentenced to 20 years in federal prison for operating a bank fraud scheme. According to court documents, Armando Martinez took over the identity and license number of a legitimate licensed appraiser and then...
A pair of Mexican nationals who were arrested last November for fraudulently selling San Diego properties they did not own have pleaded guilty to federal charges of bank fraud and bank fraud conspiracy. According to the charges brought against them, Victor Hugo...
Maria Del Carmen Montes, a real estate broker in Kissimmee, Florida, was sentenced to 33 months in federal prison for bank fraud. According to court documents, Montes, working with her husband Carlos Ferrer and others, created and executed a mortgage fraud scheme...
A New York City real estate executive was indicted for his part in a scheme to steal $30 million intended for a real estate investment. According to the allegations in the indictment, Kevin Feng Gao used an unauthorized bank account in the name of a company that...
Small Mortgages Fall Below 3% of Originations, Exposing Rural Lending Gap
