News & Analysis as of September 18, 2024

Mortgages › Bank Fraud

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The term "mortgage" typically refers to a mortgage loan. A mortgage loan is a financing instrument where an individual or business borrows money to purchase property (usually real property) and... more +

The Escalating Threat of Mortgage Fraud

Bradley Arant Boult Cummings LLP on 5/6/2024

Mortgage companies must maintain a heightened level of vigilance when it comes to preventing mortgage fraud. The incidence of fraud attempts targeting mortgage companies continues to rise, prompting decisive action against...more

The Good, the Bad and the Ethical: Mortgage Fraud on the Rise?

DarrowEverett LLP on 11/30/2022

In a matter of months, several well-known individuals in real estate have been convicted of and/or charged with fraud or similar crimes relating to the theft of client funds. The summary below highlights a few of those cases...more

Law Enforcement Thwarts Sovereign Freeman

Carlton Fields on 11/3/2016

Copyrighting their names, “signing” with red thumbprints – we’ve seen some unusual court filings from unique individuals. But one person has apparently gone too far. It can be incredibly frustrating for a lender when a...more

Wells Fargo Employee Admits Role in $40.8 Million Straw Buyer Scheme

Bilzin Sumberg on 3/19/2014

Last Friday, a former Wells Fargo branch manager, sales manager and loan officer, Robert Serao, pled guilty to conspiracy to commit wire fraud. The charge stems from Serao’s involvement in a $40.8 million mortgage fraud...more

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Mortgages › Bank Fraud

The Escalating Threat of Mortgage Fraud

The Good, the Bad and the Ethical: Mortgage Fraud on the Rise?

Law Enforcement Thwarts Sovereign Freeman

Wells Fargo Employee Admits Role in $40.8 Million Straw Buyer Scheme

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