Loomis Woman Gets 14 Years For Mortgage Fraud SchemeA California woman has been sentenced to 14 years in prison after being convicted in a multimillion-dollar mortgage fraud scheme.
Federal Lawsuit Seeks $1 Billion From Bank Of America For Mortgage FraudThe latest federal lawsuit over alleged mortgage fraud paints an unflattering picture of a doomed lender: Executives at Countrywide Financial urged workers to churn out loans, accepted fudged applications and tried to hide ballooning defaults.
Prosecutors Say Mortgage Fraud Epidemic Highest In Northern CaliforniaFederal investigators say scammers have been targeting families on the brink of losing their homes.
Calif. Creates Mortgage Fraud Task ForceA new task force will investigate mortgage fraud in the wake of practices that crushed California's housing industry and led to a wave of foreclosures, state Attorney General Kamala Harris said.