Items Tagged with 'Paul Manafort'

ARTICLES

  • Is Manafort-style mortgage fraud more common than we think?

    Mortgage fraud is on the rise as more consumers use false claims to jump hurdles to homeownership
    Last week, Paul Manafort was slapped with charges by New York for a multimillion-dollar mortgage fraud scheme, accused of inflating his company's income and failing to disclose his debts in to secure $20 million in loans. Manafort's drama may be extreme, but in the current climate, where home prices are cooling off and the refi market is a fraction of what it used to be, are we likely to see more cases of mortgage fraud emerging?
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  • Paul Manafort charged with mortgage fraud in New York minutes after federal sentencing

    If convicted, a presidential pardon won't do any good
    It was a tough day for Paul Manafort. On Wednesday, the former campaign chairman for President Donald Trump was sentenced to an additional 3.5 years in prison on conspiracy charges brought by Special Counsel Robert Mueller. Then, less than an hour later, Manafort was charged by a New York state court for his involvement in a multimillion-dollar mortgage fraud scheme.
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  • Monday Morning Cup of Coffee: Manafort to forfeit $21.7 million in real estate holdings

    Plea deal includes five properties and three bank accounts
    Welcome to another week. It’s time for your Monday Morning Cup of Coffee. Wake up; smell the coffee; and let’s make some money this fine Monday morning. Monday Morning Cup of Coffee takes a look at news coming across HousingWire's weekend desk, with more coverage to come on bigger issues.
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  • Former Trump campaign chair Paul Manafort found guilty of tax, bank fraud

    Jury finds Manafort guilty on 8 counts, judge declares mistrial on other 10
    President Donald Trump's former campaign chair was just found guilty of tax and bank fraud. A jury in Alexandria, Virginia, found former Trump presidential campaign chair Paul Manafort guilty on eight charges of tax and bank fraud. The jury, which was deliberating 18 total charges, was unable to reach a consensus on 10 of the counts.
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  • Two mortgage bankers granted immunity in Manafort trial

    Judge in trial grants immunity to two employees from Chicago's The Federal Savings Bank
    On Monday, the U.S. District Court judge overseeing ex-Trump campaign manager Paul Manafort’s trial in Virginia granted immunity to two mortgage bankers from Chicago’s The Federal Savings Bank, which gave Manafort several million dollars in loans.
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  • Paul Manafort now facing raft of bank, mortgage fraud charges

    Investigation leads to more charges against former Trump campaign manager
    Paul Manafort, who served as President Donald Trump’s campaign manager for five months in 2016, is now facing a number of bank and mortgage fraud charges as DOJ special counsel Robert Mueller’s investigation digs deeper into Manafort’s past. From the indictment: “Manafort and Gates fraudulently secured more than twenty million dollars in loans by falsely inflating Manafort’s and his company’s income and by failing to disclose existing debt in order to qualify for the loans.”
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  • Mueller reportedly probing whether Manafort promised White House job to bank CEO to get mortgages

    NBC reports investigation focuses on CEO of The Federal Savings Bank
    Justice Department special counsel Robert Mueller recently accused Paul Manafort, who served as President Donald Trump’s campaign manager in 2016, of committing a “series of false and fraudulent representations” to obtain a $9+ million mortgage from The Federal Savings Bank. Now, Mueller’s team is reportedly investigating whether Manafort promised a White House job to Stephen Calk, the CEO of The Federal Savings Bank, to get the mortgage in question.
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  • Monday Morning Cup of Coffee: Countrywide, LandSafe accused of fraudulent appraisals during housing boom

    Plus, Mueller says Manafort committed mortgage malfeasance
    In today's Monday Morning Cup of Coffee: A federal judge recently granted class-action status to a lawsuit alleging that Countrywide Financial used LandSafe to conduct “sham” appraisals to increase the number of loans Countrywide originated during the mid-2000s. Plus, former Trump campaign manager Paul Manafort was accused of some mortgage misconduct. Click the headline for more.
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