Mortgage Fraud

Concord Real Estate Exec Pleads Guilty In $200M Mortgage Fraud Scheme During Housing CrisisAn executive of a Concord real estate company pleaded guilty to a $200 million mortgage fraud scheme that took place during the height of the housing crisis, according to an unsealed plea agreement.
US Judge Slaps B of A With $1.3B Fine For Mortgage Fraud; First Ever Such Ruling Against BankA federal judge imposed a $1.3 billion civil penalty against Bank of America for its role in selling risky mortgages to Fannie Mae and Freddie Mac. This is the first time a bank has been found liable under federal law for mortgage fraud leading up to the financial crisis
Brentwood Woman Charged In Mortgage Fraud CaseA Contra Costa County woman and Las Vegas man face charges for their alleged involvement in a multi-million dollar mortgage scam that bilked more than a thousand homeowners.
Brentwood Man Charged In Multi-Million Dollar Mortgage ScamA Contra Costa County man is facing charges that he bilked more than 1,000 homeowners in a multi-state, multi-million dollar mortgage scam.
Gov. Brown Signs 'Homeowners Bill of Rights' Into LawCalifornia has a new law to stop what Gov. Jerry Brown calls abusive home lending tactics.
California Lawmakers Approve Bill To Make Mortgage Reform PermanentCalifornia’s State Assembly and Senate both passed a package of protections for homeowners designed to prevent further foreclosure abuse. The legislation now goes to Gov. Brown.
Ex-Real Estate Agent Sentenced In SF Mortgage Scheme Targeting ImmigrantsA former realtor and Christian radio show host was sentenced to 15 years in prison Friday for a mortgage fraud scheme targeting Spanish speaking homeowners that totaled more than $2 million.
Sonoma Co. Hells Angels Leader Sentenced In Mortgage Fraud SchemeA former president of the Sonoma County Hells Angels Motorcycle Club has been sentenced in federal court in San Francisco to five years and 10 months in prison for his role in a $10 million mortgage fraud scheme.
Vallejo Man Guilty In Mortgage Scam Run Out Of Benicia DeliA Vallejo man who ran a mortgage scam from a Deli in Benicia has been forced to repay his victims. Rocky Prasad was convicted of two counts of grand theft for falsely offering mortgage loans to two Santa Clara County home-buyers.
Hells Angels Members Charged With Bay Area Mortgage FraudMembers of the Hells Angels motorcycle gang and several others have been charged with operating a multi-million dollar mortgage fraud and allegedly using part of the proceeds to buy so-called marijuana grow houses.
Authorities Make Another Arrest In San Francisco Mortgage Fraud SchemeEdwin Parada, a one-time real estate agent in the Mission District, has been in jail for two years for his role in the large mortgage fraud scheme.
ConsumerWatch: Help For Victims Of Real Estate ScamsThe Alameda County District Attorney has launched a new program to help the thousands of homeowners who have become victims of countless scams.