A bit about contruction and mortgages…
Direct Lending Partners, Clearwater, Florida, was issued a Cease and Desist Order after the Georgia Department of Banking and Finance obtained evidence that Direct Lending Partners engaged in mortgage brokerage/lending activities without a license or u…
Joshua Macke, 35, Bellevue, Washington was sentenced in U.S. District Court in Seattle to six years in prison, and three years of supervised release for Conspiracy to Distribute Marijuana and Conspiracy to Engage in Money Laundering. As part of his ple…
New Mexico consumers could be receiving calls from American Property Service offering to buy land and property. A property owner reported a call from American Property Service, offering to buy her land located in Valencia County, West Mesa and Ea…
Steve C. Middleton, 46, Overland Park, Kansas, and Jared Minor, 36, Belton, Missouri, are charged with one count of conspiracy to commit bank fraud, four counts of bank fraud, three counts of money laundering and one count of criminal contempt of court…
Five defendants were charged with racketeering, conspiracy to commit racketeering, obtaining of a mortgage by false representation, and second-degree grand theft by fraudulently obtaining mortgages in the names of victims solicited for home improvement…
Christopher Craig, 35, Auburn, California, pled guilty to bank fraud and was sentenced to 60 months imprisonment followed by five years of supervised release and was ordered to pay $975,000 in restitution. According to the Indictment, the defen…
Harriette Cooper, 52, Cedar Rapids, Iowa, a real estate agent, received the prison term after an August 9, 2006, guilty plea to one count of structuring a financial transaction in assisting a drug dealer to launder money in connection with the purchase…
Defendants Olympia Ammons, Andre B. Benson, Raymond Costanzo, Jr., Ricardo Antonio Myrie, Daryl Maurice Smith, Fabian O. Wiltshire, and Calvin Lee Wright pled guilty to their roles in a complex mortgage fraud scheme and will be sentenced later this mon…
Marshall Reddick Real Estate Network, Inc. (MRREN), a prominent California-based real-estate-investment club, and 11 other individuals and businesses in the real-estate and lending industries based in Florida and Ohio were named as defendants in a laws…
LocalState Unemployment Rate Slides [Bizjournals]Twins Stadium Webcam Launched [Bizjournals]Toxic Loans: 2/28 ARM’s Curbed by Most Lenders [Strib]What to Do Instead of Waiting for Foreclosure Notice [Caveat Emptor]Elsewhere Otherwise$1.63 Unpaid Tax Bill May Cost Owner the Home [consumerist]Implode-O-Meter Hits 100 Lenders [via calculated risk]Bernanke Commentary From Today [Federal Reserve]…