Jason Anthony Martinez, 38, Tampa, Florida, has plead guilty to making false statements to the U.S. Attorney’s Office’s Financial Litigation Unit.. According to the plea agreement, Martinez was previously convicted in a mortgage-related fraud case and ordered to pay $3,008,551.01 in restitution.
Along with stories of overzealous HOAs come more tales of fraud and embezzlement. In Florida. a lien off once you catch up,” he said. “But if you don’t pay them, they can evict you from your own.
Start studying real estate Practice test questions. Learn vocabulary, terms, and more with flashcards, games, and other study tools.. The expenses that a lender incurs while processing a mortgage loan application are recovered from the borrower as. b. a price level adjusted mortgage.
A significant improvement in application fraud on loans to finance home purchases pulled down overall risk from a month earlier and a year earlier. Mortgage Fraud Scheme Uses Fake Employers A new scheme been uncovered where bogus businesses are being listed as the employer of prospective borrowers on home loan applications.
Mortgage fraud risk rose to its highest post-recession level, climbing 12.4 percent year-over-year in the second quarter of 2018, according to the latest CoreLogic Mortgage Application Fraud Risk.
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CoreLogic’s Mortgage application fraud risk index, decreased by 8.9 percent nationally from its Q2 2014 level. Despite the size of that annual change the company says the risk has stabilized.
Former real estate sales associate gets 4 years for Florida mortgage fraud Faced 150 years for scheme that cost Wells Fargo nearly $1 million April 11, 2016 By Ben Lane
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The risk of mortgage fraud accelerated last year in Southwest Florida. In a new report, analytics firm CoreLogic said the sarasota-manatee region ranked seventh among the 100 major U.S. metro.
For the first half of 2019, the real estate market in Billings, Mont., is looking strong, with local organizations noting a few aspects of the industry to keep an eye on.
In comparison, 12,718 mortgage applications, or 0.70 percent, had indications of fraud in the second quarter of 2016. New York led the states with the highest level of application fraud risk, while jumbo refinance loans had the greatest fraud risk by product.