WASHINGTON--The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the January edition of the Obama Administration's Housing Scorecard - a comprehensive report on the nation's housing market. Data in the January Housing Scorecard underscore fragility as the overall outlook remains mixed. In...Read More
WASHINGTON - Hundreds of very low-income senior citizens will have access to affordable supportive housing thanks to $31.5 million in housing assistance announced today by the U.S. Department of Housing and Urban Development (HUD). The funding announced today (see attached list) will help non-profit organizations in five states produce additional ...Read More
WASHINGTON-U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of Alabama and provide support to homeowners and low-income renters forced from their homes following severe storms, straight-line winds and flooding last month...Read More
WASHINGTON-U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of Utah and provide support to homeowners and low-income renters forced from their homes following severe storms in November and December...Read More
WASHINGTON - A rental assistance program that temporarily housed nearly 20,000 families who were displaced by Hurricanes Ike and Gustav in 2008 officially ends today with only 3,500 households still enrolled in the program. To help these families find permanent housing solutions, the U.S. Department of Housing and Urban Development (HUD) will prov...Read More
There was a problem returning the RSS feed. There was a problem returning the RSS feed.
Mariano Vincente Cano, 39, was arrested in Las Vegas, Nevada, on an indictment that was returned by an Arizona federal grand jury on January 19, 2012. The indictment charges Cano with violations of federal law related to a cash back mortgage fraud scheme.
Stephen J. Troese, Sr., 72, Davidsonville, Maryland, was sentenced by U.S. District Judge William M. Nickerson to a year and a day in prison followed by three years of supervised release for wire fraud arising from a scheme to defraud lenders and a title insurance company of $2,838,231.
Michael R. Senick, 63, Old Tappan, New Jersey, a Bergen County lawyer, admitted to participating in a mortgage fraud scheme that caused lenders to release approximately $400,000 based on fraudulent mortgage loan applications.
Standard & Poor is the subject of a civil lawsuit for its fraudulent role in assigning its highest ratings to risky mortgage-backed investments in the years leading up to the housing market crash.
Warren Jackson, 41, Chicago, Illinois, who allegedly stole more than $350,000 in a wide-reaching mortgage fraud scheme in which they promised to help desperate homeowners avoid foreclosure has been arrested and is being held in Cook County, Illinois, jail. Yolanda King, 46, Chicago, who was also c...Read More
Jeannie Sutherland, 67, Las Vegas, Nevada, and Kelly Nunes, 41, Las Vegas, a real estate agent and a mortgage broker, were found guilty for their participation in a mortgage fraud scheme that netted nearly $2.5 million in fraudulent mortgage loans.
Debt Care Financial Group Inc., its president Malgorzata Baran, Starlex Financial Consulting LLC and Flagship Mortgage Corporation, its employees Jeffrey M. Entratter and Neil Borland, as well as E.A.C. Financial LLC, and its owners Everett D. Pope and Colbi Andry, are the subjects of civil lawsui...Read More
Charles E. Walker, 58, and his wife, Linda F. Walker, 59, and their son, Lee Edward Walker, 36, all of Monett, Missouri, who were all involved in a Springfield, Missouri, real estate company were sentenced for their roles in a nearly $11 million mortgage fraud scheme that involved more than two dozen residential prop...Read More
Lionel Alexander, 50, Dallas, Texas, and his nephew, Blake Alexander, 27, Lafayette, Louisiana, were sentenced by Chief U.S. District Judge Sidney A. Fitzwater to 78 months and 18 months, respectively, for their roles in a mortgage fraud scheme that resulted in an approximate $1.3 million loss for financial lenders.&...Read More
Jerry J. Williams, 51, formerly of Naples, Florida, and currently residing in Fort Worth, Texas, pleaded guilty to conspiracy to commit bank fraud and making false statements to federal regulators. Williams faces a maximum penalty of 15 years in federal prison.