[Chart] FHA mortgage insurance boom in the works?

[Chart] FHA mortgage insurance boom in the works?

MBA notes impact of cutting MIPs

loanDepot officially files for IPO

Number of shares, price range to be determined

Did Sen. Corker violate SEC rules, Senate ethics by telling investors to short GSEs?

Made questionable remarks on CNBC regarding stocks

Items Tagged with 'Fraud'


Exec at center of first TARP bank failure gets 8 years in prison

Fraud scheme cost taxpayers more than $300 million
The bank executive at the center of one of the largest bank failures in recent years will spend the next 8 years in prison for his part in a scheme that cost the American taxpayers more than $300 million. Here's the tale of Ebrahim Shabudin and United Commercial Bank.
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Mortgage application defects keep rising

Michigan, Florida, Texas lead First American application defect index
Defects found on mortgage loan applications is on the rise and have been throughout 2015, according to a new report from First American Financial. Which states and markets are the biggest risks of application fraud? Click here to find out.
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SIGTARP snares seven schemers for massive mortgage fraud

Charges include mail fraud, bank fraud, aiding and abetting
Seven California residents now face federal charges for their roles in an alleged mortgage fraud scheme that defrauded lenders of more than $3 million. According to court documents, the defendants conspired to defraud mortgage lending companies and financial institutions by making false statements on loan applications and short-sale applications.
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Kentucky man to spend 12 years in prison for insane fraud scheme

Defrauded IRS of $53M, bribed bank execs; didn't stop there
A Kentucky man will spend the next 12 years in federal prison for leading a spectacularly massive scheme that involved defrauding the Internal Revenue Service of $53 million, bribing senior bank executives, the fraudulent purchase of an insurance company and the defrauding of insurance regulators and an investment bank.
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Former Dallas Cowboy out of prison after serving 3 years for mortgage fraud

Eugene Lockhart jailed for taking part in $20 million fraud scheme
A former Dallas Cowboys player is out of federal prison after serving three years for taking part in a $20 million mortgage fraud scheme, which involved at least 10 other people who were also convicted. The scheme saw the group recruit straw buyers who falsified their income documents to obtain loans for inflated prices.
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