Mortgage fraud - news and investigations | The Center for Public Integrity

Despite new rules, appraisers say pressure remains

By Joe Eaton

June 17, 2009

It’s been more than six weeks since new rules went into effect to clean up systemic abuses in the home appraisal business, but don’t ask an

The appraisal bubble

By Joe Eaton

April 14, 2009

In 2004, years before plummeting real estate values turned Fort Myers, Florida, into a top five foreclosure capital, appraiser Mike Tipton f

Reform reading: JPMorgan CEO not embarrassed to be banker

By Julie Vorman

December 6, 2010

A roundup of news and commentary to help consumers monitor the transparency and accountability of the Dodd-Frank financial reform law....

Ginnie Mae's troubling endorsements

By Brian Grow and Zachary Goldfarb

December 10, 2009

The trouble signs surrounding Lend America had been building for years. A top executive was convicted of mortgage fraud but still helped run

Excerpts from this story referencing "FHA loan":

"… r ordered by HUD auditors to cover the cost of bad loans. Eight firms have FHA loan portfolios that are defaulting at double the rate of their principal compe …"

"… ho, N.Y., company misled borrowers about the terms of both traditional and FHA loans. Its default rate on FHA loans made in the past two years is 14.3 percent …"

"… ers about the terms of both traditional and FHA loans. Its default rate on FHA loans made in the past two years is 14.3 percent, or more than double that of o …"

"… HUD’s database shows that nine months before that approval was granted, FHA loans made by one of the firm’s branches had a default rate far higher than i …"

Mortgage fraud reports rise, but some fraud may still be undetected

By Kat Aaron and Nick Schwellenbach

July 10, 2009

Reports of suspected mortgage fraud — fueled by the current economic crisis — are up in 2008, according to two new reports by the FBI and th

More mortgage fraud reporting?

By Kat Aaron

July 16, 2009

Nonbank mortgage lenders would have to file reports of suspected fraud for the first time, under a new proposal issued Wednesday by the Fina

Executives with criminal records slip through FHA crackdown, documents show

By Brian Grow

September 10, 2010

A crackdown on reckless mortgage lenders by the Federal Housing Administration has failed to root out several executives with criminal recor

Excerpts from this story referencing "FHA loan":

"… tives now works as a sales manager at a company currently approved to make FHA loans.In another instance, a former senior executive with BSM Financial, an FHA …"