A fraudulent mortgage broker has been sentenced to two and a half years in prison following an investigation by financial investigators from the Metropolitan Police Service. Olakunle Okubote of Finchley, was jailed and forced to hand over more than 23,000 on February 24, following a five-week.
If you fail to make one or more payments on your mortgage loan, your loan is in default. The servicer may then order "default-related services" to protect the value of the property. These services may include property inspections to make sure you are still living in the home and maintaining the property.
Towson Title Agency Operator Sentenced to Over Six Years in Prison in $3.9 Million Mortgage Fraud Scheme Failed to Make $3.9 Million in Payoffs to Mortgage Lenders Holding Liens on 13 Properties. And since that lender was receiving monthly payments, it had no reason to notify the borrower of any delinquency.
The executive director of Cal Savers and other experts promote. the government pays homeowners’ mortgage? Letter: Impact on newspapers not germane to living-wage fix This program may only provide.
Mortgage fraudsters plead guilty to $10M scheme in South Florida – MiamiBeachCondoLife Property records show Brown sold his 3-acre waterfront estate at 1370 South Ocean Boulevard for $40 million. From the New York site: Mar-a-Lago, President Donald Trumps Florida resort and club,
(AP) – An executive convicted of orchestrating a nearly $3 billion fraud as chairman of one of America’s largest private mortgage companies was sentenced. said in urging a judge to send Farkas, 58,
Thomas Richard Jager, 66, Bettendorf, Iowa, was sentenced by United States Chief District Court Judge James E. Gritzner to 97 months imprisonment, after pleading guilty to four counts of wire fraud for failing to forward monthly remittance payments to investors, providing false reports, failing to distribute lump sum payoffs of mortgages to investors, and transferring money held in escrow to his personal bank account..
The National Association of Mortgage Brokers (NAMB) applauds the introduction of H.R. 3044. NAMB would like to thank Representative Childers (D-MS) and Representative Miller (R-CA) for their continued.
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If you want to a run a similar comparison, simply grab a mortgage calculator and plug in your own numbers.. mortgage executive jailed for Failing to Remit Mortgage Payoffs – Mortgage Fraud Blog. Search for: Recent Posts.
FOR IMMEDIATE RELEASE: Sept. 20, 2011 Mortgage Executive Pleads Guilty To Mortgage Loan Fraud RICHMOND, Va. – Nicole G. Hathaway, age 34, of New Kent, former President of Mortgage Solutions II, pled guilty today to a two-year mortgage loan fraud. Hathaway is facing 30 years in prison and $1million in fines when she is sentenced.