Federal prosecutors in North Texas have charged four people in an alleged multiyear mortgage-fraud scheme that they say used fabricated employment, income and bank records to obtain more than 20 home loans totaling approximately $7.34 million.A federal grand jury...
Seller impersonation fraud is no longer a fringe risk concentrated in vacant-land transactions. A new title-industry study shows attempts have become substantially more common, targets are broadening and criminals are increasingly using spoofed communications and...
A former Florida attorney who owned a title company has pleaded guilty to three counts of wire fraud in a real estate scheme that federal prosecutors say exploited private lenders, mortgage lenders, escrow accounts and title-insurance representations. Michael Saracco,...
Ameritrust Mortgage Corp. has taken an alleged Baltimore investment-property fraud scheme to federal court, accusing a long list of borrowers, brokers, title-related businesses and other defendants of participating in transactions tied to roughly 90 loans that the...
Mortgage professionals seeking new access to one of the Federal Housing Administration’s most important technology systems will soon have to prove they are who they say they are—and that will include submitting a selfie. Beginning September 14, new users of FHA...
Inflation Expectations Hit Three-Year High as Rent Outlook Climbs to 6.8%
