A 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
A 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.
A Contra Costa County man is facing charges that he bilked more than 1,000 homeowners in a multi-state, multi-million dollar mortgage scam.
California has a new law to stop what Gov. Jerry Brown calls abusive home lending tactics.
California’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.
A 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.
A 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.
A 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.
Members 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.
Edwin 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.