Politics in the Zeros. The politics of progress; cleantech, the economy. anti-war

Posts Tagged ‘mortgage fraud’

Forensic Financial Partners. What Sue is doing now

Sue is now associated with Forensic Financial Partners.
Forensic Financial Partners, LLC provides financial advisory services to government agencies, financial institutions, and counsel.
Our skills and background uniquely qualify us to manage large investigations while charting political minefields when pursuing claims against third parties, such as directors, officers, investors, and large builders.
Services and expertise

Bankruptcy, Insolvency, and [...]

FHA suspends its third-largest lender, Taylor Bean

An audit uncovered possible fraudulent transactions Taylor Bean has not submitted an annual report as required, and misrepresented issues, said the FHA.
The Bloomberg story on this is instructive. Even though it quotes sources saying Taylor Bean are “bottom feeders” and known for lax standards, Bloomberg seems much more concerned that the probable collapse of the [...]

Mortgage Fraud ring charged under RICO

Moreover, the main defendant is a known street gang member
This is the first time RICO (Racketering-Influenced and Corrupt Organizations) has been used against real estate scams. It mandates extra penalties.

Obama introduced bill to stop mortgage fraud in Feb. 2006

Flipping Frenzy, a blog about mortgage fraud, details Obama’s plans to stop mortgage fraud now, and in Feb. 2006.