Mortgage Fraud, Mortgage | featured news

The Latest Twists on Mortgage Fraud

Amid the mortgage meltdown, regulators are sounding alarms about the potential for fraud in the reverse-mortgage market.

 

Five Charged in 'Nightmare' $70M Mortgage Scheme

More than 1,000 people were defrauded out of about $70 million by a group advertising the dream of homeownership in what turned out to be a nightmare Ponzi scheme, federal and Maryland officials said Monday.

 

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