Tag Archives: mortgage fraud

Loan Modification Scam Operater that Targeted Distressed Homeowners Sentenced to 18 Years in Federal Prison

The founder and co-owner of a Rancho Cucamonga business was sentenced yesterday to 18 years in federal prison By Jeff Sorg, OnlineEd Blog (December 8, 2015) –  RIVERSIDE, California – The United States Department of Justice is reporting that the founder and co-owner of a Rancho Cucamonga business was sentenced today to 18 years in federal prison […]

Report Shows An 8.9 Percent Decrease In Mortgage Fraud Risk

Greater scrutiny has had a positive impact on mortgage fraud By Jeff Sorg, OnlineEd Blog (Ocboter 20, 2015) – As of the end of the second quarter of 2015, the CoreLogic® Mortgage Fraud Report shows an 8.9 percent year-over-year decrease in fraud risk, as measured by the Mortgage Application Fraud Risk Index. Susan Allen, senior vice president […]

CFPB Files Action Against Nationwide Biweekly

(Jeff Sorg, OnlineEd) – From August 2011 until September 2014, Ohio-based Nationwide Biweekly Administration and Loan Payment Administration and their founder and president, Daniel S. Lipskey  (collectively “Nationwide Biweekly”) collected about $49 million in setup fees from more than 100,000 consumers, the CFPB alleged in its lawsuit filed May 11, 2015. The CFPB brings action under […]