Clearbox Founder and CEO Joan Trice on their partnership with Valligent

By Rachel Dollar Mortgage Fraud Blog. “Access to better data means lenders can now make informed decisions. This integration is a perfect marriage of blending appraisal quality scores with appraiser credentials. After all, honest and competent appraisers produce credible appraisal reports. No doubt, this is a winning formula.” The post Clearbox Founder and CEO Joan […]

Jenny Brawley, Freddie Mac fraud investigator, comment to the Washington Post on the fact that Freddie Mac has not seen a recent spike in occupancy fraud

By Rachel Dollar Mortgage Fraud Blog. Freddie Mac, has not seen a recent spike in occupancy fraud, “but it’s always been a consistent misrepresentation in loan files and we’re concerned about it” The post Jenny Brawley, Freddie Mac fraud investigator, comment to the Washington Post on the fact that Freddie Mac has not seen a […]

Oregon Bank Officers Indicted

By Rachel Dollar Mortgage Fraud Blog. Diana Yates, former Chief Financial Officer of the Bank of Oswego (Oregon), Sherwood, Oregon and Dan Heine, former Chief Executive Officer of the Bank of Oswego, Naples, Florida, were indicted by a grand jury and charged with one count of conspiring to defraud The Bank of Oswego and 26 […]

Sampson’s power, reach on display in trial

By Rachel Dollar Mortgage Fraud Blog. When Alexander Solomon was assigned to prosecute Edul Ahmad, a Brooklyn real estate agent indicted in a $50 million mortgage fraud scheme in August 2011, he likely had little idea of the shockwaves that would result. Aside from forging the credentials of would-be homebuyers, Ahmad had doled out $188,500 […]

Manipulate your Credit Report, Go to Jail

By Rachel Dollar Mortgage Fraud Blog. Ricky Lamont Flemings, 31, Antelope, California was sentenced to two years in prison for two counts of mail fraud in connection with a long-running scheme to deceive Experian and the other credit reporting agencies by exploiting provisions in the Fair Credit Reporting Act (FCRA), a statute intended to provide […]

Guilty Plea in Timeshare Fraud

By Rachel Dollar Mortgage Fraud Blog. Patrick A. Nosack, 34, Henderson, Nevada, pled guilty in federal court to conspiracy to commit mail and wire fraud in connection with a telemarketing scheme involving timeshare resales. The telemarketing scam operated in Las Vegas, Nevada, and bilked over 3,000 victims of approximately 10 million dollars. Nosack was a […]

Foreclosure Bid Rigging = Indictment

By Rachel Dollar Mortgage Fraud Blog. Ramin Rad “Ray” Yeganeh, real estate investor, San Mateo, California was indicted by a grand jury in the U.S. District Court of the Northern District of California in Oakland and charged with bid rigging and conspiracy to commit mail fraud in connection with public foreclosure auctions. The indictment alleges, […]