Hi Everyone!
Thanks again for inviting me to be a presenter at your seminar today. Here are the links and info that were mentioned in the seminar.
Mortgage Fraud Trends
Trends spotted by Freddie Mac.
And from the FBI.
HUD OIG is noticing an increase in the Sovereign Citizen scams.
DFI continues to see out of state loan mod scammers targeting WA State consumers.
Reverse Mortgage Fraud
Here is more info from the CFPB on problems with reverse mortgages.
And the news story on Ken Sharp, a former Kent city councilman, who plead guilty to reverse mortgage fraud.
Statistics
I like CoreLogic’s mortgage fraud report for stats. You have to register, but the report is free.
Local mortgage fraud cases mentioned today:
White and Merritt. Sentencing scheduled for Dec 3rd.
Micki Thompson, the closer in the Bill Poff case, who was never an LPO, yet she represented herself an as LPO to customers.
For anonymous tips on mortgage fraud, call:
Jim Siwek
Assistant Special Agent in Charge
Seattle HUD OIG
206-220-5136