Posts tagged fbi

• FBI: Beware of Loan Modification Scams

  Paul Kiesel | October 28, 2008 4:08 PM | 28 CommentsLos Angeles, CA Category: Miscellaneous
  

  According to the Justice Department, San Joaquin Valley has been a hotbed for foreclosure modification scams, as cities like Stockton, Modesto and Merced top the foreclosure rankings among cities...

• FBI Investigating IndyMac for Fraud, TILA Violations

  Paul Kiesel | July 16, 2008 6:41 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  CNN reports that the FBI is currently investigating IndyMac Bancorp for fraud. The federal government is likely looking into whether IndyMac committed fraud when it made home loans to subprime...

• NYT: FBI Joins the Mortgage Fraud Game Late and Now Doesn't Have Enough Players

  Paul Kiesel | October 21, 2008 6:40 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  Here's an interesting New York Times article describing the problems the FBI has been having in handling mortgage fraud cases. The FBI increased its efforts and resources over the spring to...

• Salon: Why Loan Modification Scams are Booming

  Paul Kiesel | September 24, 2009 6:28 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  FYI: Here's a link to a blog I wrote a year ago that portends what's being described in the article below. From Salon.com: During the go-go years of the real estate bubble, shady mortgage brokers...

• Lucrative Fees More Attractive to Loan Servicers than Modifications

  Paul Kiesel | August 04, 2009 4:21 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  From The New York Times: This week, the Obama administration summoned mortgage company executives to Washington to demand they move faster to lower payments for homeowners sliding toward...

• Reuters: Microsoft Warns of Financial Crisis E-mail Scams

  Paul Kiesel | October 29, 2008 3:58 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  Loan modification scams are becoming more prevalent as most of the nation, along with nefarious scam artists, is aware of the $700 billion financial bailout that was passed weeks ago. Congress and...

• Crooked Mortgage Brokers and Operation Malicious Mortgage

  Paul Kiesel | June 20, 2008 8:37 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  On the same day that two Bear Stearns executives were arrested, the FBI announced that 400 people have been charged with mortgage fraud. The FBI has drastically increased its efforts, since March 1,...

• Obama and McCain: The Presidential Candidates on the Mortgage Crisis

  Paul Kiesel | June 17, 2008 1:50 PM | 1 CommentLos Angeles, CA Category: Miscellaneous
  

  Here are Barack Obama's and John McCain's plans for dealing with the mortgage crisis (according to each candidate's respective website): Barack Obama wants to create a fund to help people refinance...

• FBI: We've Got a Big Mortgage Fraud Problem

  Paul Kiesel | June 12, 2008 3:38 PM | 1 CommentLos Angeles, CA Category: Miscellaneous
  

  The Federal Bureau of Investigation has ordered more than two dozen of its field offices to stop probing some financial crimes in order to focus on a surge in subprime mortgage fraud, according to...

• Beware of Foreclosure Con Artists

  Paul Kiesel | May 27, 2008 6:08 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  As the mortgage crisis envelopes more and more borrowers into a state of delinquency or foreclosure, it is only natural that we should see an influx of "Foreclosure Rescue" advertisements, however,...