Press Release. Three California Residents Sentenced in $20 Million Mortgage Fraud Scheme July 16, 2018. Dorothy Matsuba, Jamie Matsuba, and Thomas Matsuba, were sentenced to 240, 135, and 168 months in prison, respectively, for their roles in a foreclosure rescue scheme.
· Why Prosecutors Don’t Go After Wall Street. In the savings and loan scandal of the 1980s, hundreds of bankers went to jail. But the financial meltdown of 2008 hasn’t generated a single prosecution of high-level Wall Street players – even though the Securities and Exchange Commission has brought civil cases against some companies and reached financial settlements.
This is a report of suspected fraud involving mortgage-back securities. Certain mortgage-. and will continue to pay, hundreds of thousands of dollars in fees to mortgage servicers, document preparation companies and law firms to prepare and record. each Trust paid, and will continue to pay, hundreds of thousands of dollars in fees to the.
WASHINGTON (CNN) — Hundreds. way bets on mortgage-backed securities. More than 400 people have been charged in the mortgage fraud probe, of whom nearly 300 have been arrested, including 60 in a.
Fannie Mae net income retreats to $2.4B in Q1 Fannie Mae expects to pay a $2.4B dividend to the U.S. Treasury by June 30, down from the $3.2B from Q4’s sweep.Q1 net income of $2.36B compares with $3.23B in Q4 2018, driven primarily be lower.
PHILADELPHIA — Two friends from Camden County are facing a slew of fraud charges as a result of an alleged. client into a false sense of security," per the justice department, which adds the.
NEWARK, N.J. (AP) – Former NFL player Irving Fryar and his mother were indicted by a New Jersey grand jury Wednesday on charges they conspired to steal more than $690,000 through a mortgage scam..
US Charges Hundreds in Health Fraud Schemes Worth $1.3B Nearly 300 health care providers are being suspended or banned from participating in federal health care programs, Attorney General Jeff.
This brings to 11 the number of loan modification and mortgage foreclosure rescue scams brought by the FTC in the last year. More than 20 state law enforcers also have taken actions against companies engaged in these types of deception, including 22 brought by Illinois Attorney General Madigan.
LinkedIn Influencer: Getting a mortgage is like being molested The best way to get the inside scoop on real estate marketing is to go straight to the source: ask the most successful agents you know. We wanted to hear what top real estate experts had to say about a highly debated topic, marketing for agents. We asked nine real estate influencers with followings both on and offline two questions:
Her loan had been bundled with thousands of others into a mortgage-backed trust. the FBI, and the U.S. Department of Justice. “You know that money I told you about? It’s here” In February 2012.
Guess how many bank CEOs made Glassdoor’s list of the highest rated CEOs? The watch list comes after the bank. many of them still have a sizeable corporate book. The other takeaway is the failure of credit rating agencies and analysts to spot these anomalies and catch.