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Search mortgage fraud news by keyword.
News, analysis and statistics about mortgage fraud.
Stories about individual mortgage crime cases.
Statics by year about real estate fraud.
Quarterly index based on case activity.
Reach mortgage executives, loan originators and other people tied to mortgage industry.
Free mortgage news for prospective borrowers.
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The latest case activity tracked by FraudBlogger.com for your Web site or for your RSS reader.
Archive of FraudBlogger.com entries going back to 2005. |
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Mortgage Fraud News
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Case Activity
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Former Chicago Cop Cops Plea in Mortgage Fraud Case
Dec. 6 -- A former longtime Chicago police lieutenant pleaded guilty today to participating in a mortgage fraud scheme involving a Northwest Side real estate mogul and a crooked former suburban police chief.
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Early Prison Exit for Ailing Mortgage Fraud Convict
Dec. 6 -- Federal inmate No. 67929-061 -- better known as Marsha K. Parenteau -- will be released from prison seven months early to deal with a medical problem.
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Investors Victimized in Mortgage Fraud Operation
Dec. 5 -- Two men were sentenced today in federal court in Sacramento, Calif., in two related mail fraud cases involving the purchase and sale of 24 Sacramento-area homes in 2007 and 2008.
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Distressed Borrowers Burned in Mortgage Fraud Scheme
Dec. 5 -- SACRAMENTO, Calif. -- Federal agents arrested two Stockton residents Wednesday in connection with a mortgage fraud scheme.
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CoreLogic Mortgage Fraud Consortium Database Passes 100-Million-Loan Threshold
Dec. 3 -- CoreLogic® (NYSE: CLGX), a leading residential property information, analytics and services provider, today announced the company's proprietary Mortgage Fraud Consortium database passed the 100-million-loan application landmark. Unique to the industry, the database consists of loan-level application and fraud-outcome data contributed by members of the CoreLogic Mortgage Fraud Consortium in return for aggregated information used to help detect and prevent mortgage fraud.
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12th Guilty Plea in California Mortgage Fraud Case
Nov. 29 -- A 12th defendant in the Crisp & Cole mortgage fraud case has signed a plea agreement, leaving only three people to face trial Feb. 4, the new start date.
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Police Lieutenant, Frmr Bank CEO Arrested for Mortgage Fraud
Nov. 25 -- An owner of Chicago realty business who also led a now-defunct Chicago bank was arrested today on federal bank fraud charges involving an alleged scheme to illegally provide a $650,000 mortgage for the purchase of a South Side apartment building.
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Mortgage Fraud Risk Rises, Jumbo Riskier
Nov. 20 -- The risk of mortgage fraud increased during the latest three-month period -- with identity and occupancy fraud risk seeing the most deterioration. New data suggests that jumbo mortgages present more risk than non-jumbo loans. A community that borders Arkansas and Missouri is one of the nation's worst hot spots.
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Civil, Criminal Mortgage Fraud Cases Concluded
Nov. 14 -- Redding, Calif., man has been sentenced in federal court in Sacramento, and a San Diego County loan processing firm has agreed to a civil settlement in separate mortgage fraud cases.
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Realtor Cops Plea in Big CA Mortgage Fraud Case
Nov. 13 -- Michael Angelo Munoz, a former real estate agent and defendant in Bakersfield's Crisp & Cole mortgage fraud case, has agreed to plead guilty to two counts of mail fraud, the U.S. Attorneys Office announced Tuesday.
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| Date |
Defendants |
State |
Amount of Loans |
Overview |
Source |
| Dec 6 |
Jeffrey Morriss |
MO |
$811,917 |
Pleaded guilty. |
Department of Justice |
| Dec 6 |
Henry J. Papale |
CT |
$360,307 |
Sentenced to 30 months. |
Department of Justice |
| Dec 5 |
Erroll Davis, Robert Michael, |
IL |
$650,000 |
Pleaded guilty. |
MortgageDaily.com |
| Dec 5 |
Marsha K. Parenteau, Thomas E. Parenteau |
OH |
$19,000,000 |
Marsha's sentence reduced for medical reasons. |
Department of Justice |
| Dec 4 |
Vadim Vilchitsa, Yevgeniy Y. Zazhitskiy |
CA |
Multiple properties |
Vilchitsa sentenced to 15 months, Zazhitskiy sentencted to 20 months. |
Department of Justice |
| Dec 4 |
Lillian Marquez, Michael Keatts |
CA |
Multiple properties |
Indicted. |
Department of Justice |
| Nov 27 |
George Kouvelis, Kareem Dure |
IL |
$521,250 |
Indicted. |
Department of Justice |
| Nov 27 |
Harvey Wright, Precious House, David Guel, Mary Gleason, Muntazer Ali Saiyed, Saged Ansari, Azeem Syed |
IL |
$1,000,000 |
Pleaded not guilty. |
Department of Justice |
| Nov 27 |
Jeriel Salinas, David Marshall Crisp, Julie Dianne Farmer, Jennifer Anne Crisp |
CA |
$30,000,000 in losses |
Salinas pleaded guilty. |
Department of Justice |
| Nov 26 |
Manjur Alam, Christopher Ginyard, Henry Pearson, Jr., Henry Pearson, Sr., Bruce Dykes, Steven Pelz, Janice Young |
KS |
$166,052 in restitution |
Ginyard, Pearson Jr., Pearson Sr., and Dykes each sentenced to 2 years supervised release. |
Department of Justice |
| Nov 25 |
Steven J. Bonocore |
NY |
$73,000. Wells Fargo victim lender. |
Arrested. |
Patch.com |
| Nov 25 |
William Houston King |
FL |
$2,400,000 |
Sentenced to 3 concurrent 12 1/2 year prison terms. |
Ocala.com |
| Nov 22 |
Charles R. Sammon |
MA |
$2,500,000 |
Pleaded guilty. |
Department of Justice |
| Nov 22 |
Michael Abobor |
MD |
$2,000,000 in losses. |
Sentenced to 51 months. |
Department of Justice |
| Nov 22 |
Robert Michael, Erroll Davis |
IL |
$650,000. Citizens Bank victim lender. |
Michael pleaded not guilty. |
Department of Justice |
| Nov 21 |
Linda Yarleque, Fabio Moreno Vargas |
NJ |
$3,400,000 |
Convicted at trial. |
Department of Justice |
| Nov 20 |
David Anthony Holman, Kevin Joseph Franklin, Roderick L. Foxworth, Sr., Eric Sijohn Brown, and Walter Alston Brown, Jr., Cynthia Evette Brown, Francine Shanique Cross, Willie G. Manley Jr., Eric Ponder, Rashika J. Moon, Dontaya S. Devore, Mark Murphy, Gregory Christopher Thornton |
PA |
$20,000,000. First Tennessee Bank a victim lender. |
Holman charged by Information. |
Department of Justice |
| Nov 20 |
Sidney Coton, Jimmy Sotolongo, Ramara Garrett |
FL |
Multiple properties |
Coton pleaded guilty. |
News-JournalOnline.com |
| Nov 20 |
Jeffrey Youngheim, Richard Loveless (8 total) |
IN |
$600,000 |
Youngheim sentenced to 21 months. |
Department of Justice |
| Nov 20 |
Anis Said Gebrael (aka Mike Sandrie), Rose Marie Sandrie |
FL |
$1,100,000 in restitution. PNC Bank a victim lender. |
Gebrael sentenced to 7 years. |
KeysNews.com |
| Nov 20 |
Michael Angelo Munoz, Carl Cole, Caleb Cole, Sneha Ramesh Mohammadi, Robinson Nguyen, Jayson Peter Costa |
CA |
$30,000,000 in losses |
Munoz pleaded guilty. |
Department of Justice |
| Nov 19 |
Genevieve Salvatore, Lawrence Dressler, Jeffrey Weisman, Bradford Rieger, Jacquess Kelly |
CT |
$2,500,000 in losses |
Salvatore pleaded guilty. |
CTPost.com |
| Nov 18 |
Teresa Giudice, Giuseppe "Joe" Giudice |
NJ |
$361,250 |
Indicted on additional charges. |
Department of Justice |
| Nov 18 |
Juan Velez, Flavia Mendoza |
CT |
$1,200,000 |
Velez sentenced to 12 months. |
Department of Justice |
| Nov 15 |
Denise Haines, Michael Wilkerson Sr., Joyce Wilkerson |
PA |
$6,000,000 |
Haines sentenced to 10 days. |
NbcPhiladelphia.com |
| Nov 14 |
Robert Packnett |
LA |
$233,000 restitution |
Sentenced to 5 years probation. |
Nola.com |
| Nov 14 |
Ging—Hwang "Felicia" Tsoa, Robert Mikail, Bing-Sing "Cindy" Wang |
VA |
$19,900,000 |
Tsao convicted by jury. |
Department of Justice |
| Nov 14 |
Jose Armando Alvarado, Alberto Morejon, Reyna Orts |
FL |
$2,400,000 |
Sentences: Alvarado 135 months, Morejon 36 months, Orts 50 months. |
Department of Justice |
| Nov 13 |
Brandon Hanly |
CA |
Multiple properties |
Sentenced to 4 years. |
Department of Justice |
| Nov 13 |
Emily Kaye-Eddie, Loan Tech Inc. |
CA |
$75,000 |
Settlement reached. |
Department of Justice |
| Nov 13 |
Rita "Jessica" Martinez, her husband Gilbert Martinez, and her brother Felix Martinez |
TX |
Undisclosed. Farmers and Merchants Bank victim lender. |
Indicted. |
Department of Justice |
| Nov 12 |
Kimberly Eileen McMillian (aka Kimberly Simmons and Kimberly Simmons McMillian), Glenroy E. Day, Sr. |
MD |
$1,028.003.20 |
Sentences: McMillian 2 years; Day 2 years probation. |
Department of Justice |
| Nov 12 |
Michael Angelo Munoz, David Marshall Crisp, Julie Dianne Farmer, Jeriel Salinas, Jennifer Anne Crisp |
CA |
$30,000,000 in losses |
Costa pleaded guilty. |
Department of Justice |
archived case entries back to 2005
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