NEW YORK, 12:39 AM, MON JUL 7 | 7 POSTS IN THE LAST 24 HOURS | tips@consumerist.com | RSS
Posts Tagged “

mortgage fraud

”
Over 400 people have been charged in the government's national mortgage fraud probe, called "Operation Malicious Mortage," which dealt with individual rather than corporate fraud. [Reuters]

27 comments

subprime meltdown

Real Estate Speculation: From A Trailer Park To Foreclosure On 4 Homes

The Minneapolis Star-Tribune has a fascinating article about real estate speculation in Minnesota. The article focuses on Bradley and Sarah Collin, a couple with three children who were living in a trailer park when they were suckered by a local "property management company" that (illegally) paid the couple $20,000 cash to buy 4 houses in a new subdivision. More »

12:18 PM on Mon Apr 21 2008
By Meg Marco
9,317 views, 53 comments

subprime fallout

FBI Said To Be Investigating Countrywide

The FBI has opened an investigation into Countrywide for suspected securities fraud, reports the New York Times. The Justice Department and FBI "are looking at whether officials at Countrywide, the nation's largest mortgage lender, misrepresented its financial condition and the soundness of its loans in security filings." So far everything is unofficial because nobody has been authorized to discuss the case, and a Countrywide spokeswoman says, ""We are not aware of any such investigation." More »

9:39 PM on Mon Mar 10 2008
By Chris Walters
1,581 views, 18 comments