Four California Loan Officers were found guilty for operating a multi-million dollar mortgage fraud scheme.Olga Palamarchuk, Pyotr Bondaruk, Vera Zhiry and Peter Kuzmenko, 37 were found guilty by a federal jury of conspiracy to commit mail fraud, related to a mortgage fraud scheme.
Fannie, Freddie set new short sale timelines Freddie Mac’s new short sale timelines require servicers to make a decision within 30 days of receiving either 1) an offer on a property under Freddie Mac’s traditional short sale program or 2) a completed Borrower Response Package (BRP) requesting consideration for a short sale under HAFA or Freddie Mac’s traditional short sale program.
2.75 Million Dollar Mortgage Fraud Scheme Indicted. Posted on 2/2/2012. Defendant: Jacob, Adrienne, Aaron Shumaker, Michael Coen, Jeffrey Dixon, And Christina Moore. Prosecutor Ron O’Brien announces today that the Franklin County Grand Jury has returned indictments on six individuals involved in a large scale mortgage scheme.
Authorities say the other six defendants, including two licensed loan officers and an unlicensed loan officer and mortgage originator, were each charged with one or more counts of fraud in the.
The indictment charges byrd, 63, of Dayton, with one count of conspiracy, six counts of wire fraud, and two counts of bank fraud. Brauer, 34, of Cincinnati, is charged with one count of conspiracy, four counts of wire fraud, and two counts of bank fraud. Each count is punishable by a sentence of up to 30 years.
A New jersey loan officer has been accused of altering his own bank statements to facilitate a mortgage fraud scheme, the US Attorney’s Office for the District of New Jersey announced. Richard.
Jobless rates stay level or improve in 32 states Unemployment benefits (depending on the jurisdiction also called unemployment insurance or unemployment compensation) are payments made by back authorized bodies to unemployed people. In the United States, benefits are funded by a compulsory governmental insurance system, not taxes on individual citizens.
DAYTON-A federal grand jury here has returned a nine-count indictment charging Ronald L. Byrd, a real estate broker employed by Envestmint Realty Inc. of Huber Heights, and Scott W. Brauer, a mortgage loan officer and real estate salesman employed by a mortgage loan brokerage firm known as Coldstream Financial Services in Cincinnati, with conspiring to generate $474,000 in fraudulent loan.
Fitch: Alt-A Mortgages Deteriorating More Rapidly than Expected Fitch Ratings says the outlook for global growth has been dented by a series of recent weak data releases, but not dismantled. The broad contours of the agency’s December 2018 Global Economic Outlook (GEO) forecasts for 2019 – with above-trend growth in the US and policy easing preventing growth.
CHICAGO – Six defendants are facing federal fraud charges involving separate schemes to obtain a total of more than $2.7 million through fraudulent statements in loan applications submitted to banks, mortgage lenders, several community colleges, the U.S. Department of Education, and the Small Business Administration since 2006.
Four California Loan Officers were found guilty for operating a multi-million dollar mortgage fraud scheme. olga Palamarchuk, Pyotr Bondaruk, Vera Zhiry and Peter Kuzmenko, 37 were found guilty by a federal jury of conspiracy to commit mail fraud, related to a mortgage fraud scheme.
MountainView set to invest in “non-prime” mortgages “The government wants you to make non-QM loans and they really need. FirstKey Holdings and MountainView Capital Holdings are a few that do purchase non-QM loans. So how will non-QM loans become.