Tag Archives: fraud

Former chamber of commerce CEO faces mortgage fraud charges

According to the affidavit, the scheme resulted in a series of wire transfers from the PR firm that ultimately netted Ament $205,000 to make it appear he had enough cash on hand to secure the home loan. The affidavit further outlines how Ament allegedly used some of that money for the down payment and a […]

Experts call ‘tech debt’ a significant cyber vulnerability

From left: Jason Doshi, CEO and co-founder of Paymints.io, Marianne Bailey, partner at Guidehouse, and Rick Hill, vice president of industry technology at the Mortgage Bankers Association, speak Tuesday, May 17, at the MBA’s Secondary and Capital Markets Conference and Expo in New York City.Andrew Martinez Mortgage firms facing pervasive cyberthreats may be overlooking a […]

Russian threat keeps mortgage cybersecurity experts on alert

Russia’s hostilities in Ukraine have already impacted the U.S. housing market and as the war goes on, the mortgage industry’s cybersecurity experts are bracing for tests of their defenses. The uncertainty caused by the initial invasion rocked mortgage rates, as investors moved their capital out of riskier assets to Treasuries in a brief flight to […]

New Jersey man draws nine-year prison stint for mortgage fraud

It’s the second time in as many days that justice officials have announced prosecution in a mortgage fraud case. Earlier this week, Department of Justice officials revealed that Sergio Lorenzo Rodriguez of Orange County, Calif., pleaded guilty to one count of wire fraud in connection with a fraudulent foreclosure rescue scheme that took in at […]