Mortgage Fraud Charges Lodged Against Wells Fargo
CNNMoney tells MHProNews a lawsuit filed by the U.S. government against Wells Fargo accuses the giant lender of intentionally concealing bad loan information on 6,320 risky loans which eventually cost...
View ArticleFlopping is the New Flipping
CNNMoney informs MHProNews the tripling of short sales in the last three years has led to banks being overloaded with requests, which has spawned a mortgage fraud called “flopping.” An underwater...
View ArticleFugitive Sparrow Flies the Coop
Following a story we posted Aug. 13 regarding mortgage fraud charges being brought against four managers of the manufactured housing retailer Phoenix Housing Group of Greensboro, North Carolina, one of...
View ArticleBank of America Paying for Countrywide’s Mortgage Fraud
The Bank of America (BAC) has been ordered to pay nearly $1.3 billion for mortgage fraud committed by Countrywide before B of A bought out the mortgage broker during the financial crisis. The loans...
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