#mortgage-fraud

#mortgage-fraud

Many of us have heard about, or will soon learn, the now-infamous Baltimore story. One borrower bought multiple houses on the same block, rehabbing one unit and copying its photos to make the others look renovated on paper. He changed appraisal condition statements, submitted identical photos to multiple lenders and walked through a maze of loans that started as 12-month bridge products and morphed into 30-year Debt Service Coverage Ratio (DSCR) loans.

Both MSNBC and Fox News reported that Lindsey Halligan, the U.S. attorney for the Eastern District of Virginia, presented evidence to a grand jury on Thursday in an effort to secure an indictment against New York Attorney General Letitia James for mortgage fraud.

When the mortgage request was submitted, the technology flagged the issue and forced the lender to seek confirmation from the legal owner. EquityProtect then contacted the daughter, halting the scam process. I was shocked when I heard from EquityProtect that my father was attempting to take out a mortgage on his home, as he has no need, the victim's daughter said.

The question arises as the Trump administration threatens charges against three prominent Democrats who have angered the president: U.S. Senator Adam Schiff of California, New York Attorney General Letitia James, and Federal Reserve Governor Lisa Cook. All stand accused of submitting an application for a home loan stating that the property would be their primary residence, then treating another property as their primary residence.

Pulte wrote a letter, seen first by Bloomberg News, to Bondi and DOJ official Ed Martin on Aug. 15, alleging that Cook falsified bank documents and property records to acquire more favorable loan terms, potentially committing mortgage fraud under the criminal statute. Pulte also posted the official referral letter on social media platform, X, along with several other posts calling for Cook's resignation.

Ed Martin, the director of the Justice Department's Weaponization Working Group, urged New York Attorney General Letitia James to resign as an act of good faith amid a mortgage fraud investigation.

Lying on mortgage documents or claiming multiple homestead tax breaks is illegal, and violating loan terms can lead lenders to demand full repayment.

I tarnished the Jewish people, and I failed to live by my values that I claim to hold so dear, he said. I pledge to live a life that brings healing instead of harm.

Stacie Saunders was found guilty on all charges for her involvement in a deed theft ring that targeted vulnerable homeowners in Southeast Queens.