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Amazing Case of Loan and Mortgage Fraud

Provided by Moishe Alexander, Canadian Funding Corp Innovations, July 28 – After the third major “sweep” of the mortgage industry in four years, the U.S. Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) announced on Thursday that it had arrested over 400 real estate industry players since March, dozens of them over [...]

Mortgage fraud confession of $2.7 million

Moishe Alexander, Canadian Funding Corp Innovations, July 28 – A Kansas City area mortgage broker pleaded guilty today to fraudulently obtaining nearly $2.7 million in mortgage loans.
Matthew Tucker, 31, who moved to California and formerly lived in Lee’s Summit, pleaded guilty in U.S. District Court in Kansas City to a charge of conspiracy to commit [...]

Obama Fails to Adjust Mortgages, Canadian Funding Corp Avows

Canadian Funding Corp, Moishe Alexander – July 28 – Barack Obama’s effort to reduce foreclosures by decreasing mortgage payments of borrowers before they fall behind is failing to help as expected. Some homeowners are being told they must be behind on their payments to receive help, which runs awry relative to the aim of the [...]