Mortgage
Mortgage Broker Pleads Guilty to Bank Fraud Related to Residential Loan Applications
February 10, 2010 Posted by Oregon RealEstateRama
PORTLAND, OR - February 9, 2010 - (RealEstateRama) — Joel D. Surprenant, 43, of West Linn, Oregon, pled guilty today to the crime of bank fraud. Surprenant is scheduled to appear again before U.S. District Judge Robert E. Jones on May 12, 2010, for sentencing on these charges.
Portland Mortgage Company Owner Sentenced to 41 Months in Prison for Mortgage Fraud
November 25, 2009 Posted by Oregon RealEstateRama
PORTLAND, OR - November 24, 2009 - (RealEstateRama) — Senior United States District Judge Robert E. Jones today sentenced Lee Howlett, 46, of Portland, to 41 months in prison, to be followed by three years of supervised release. Howlett pled guilty in February 2009 to a single count of conspiring to make false statements to financial institutions.
State revokes mortgage broker license
October 13, 2009 Posted by Oregon RealEstateRama
Salem, OR - October 13, 2009 - (RealEstateRama) — In its ongoing effort to protect consumers from mortgage lending fraud, the Oregon Department of Consumer and Business Services (DCBS) has revoked the license of Tigard-based Pacific Rim Mortgage, Inc. and issued a cease-and-desist order against its owner, Victoria Bigham.
Home Affordable Modification Program not Meeting Needs of Families Facing Foreclosure
September 25, 2009 Posted by Oregon RealEstateRama
Washington, DC - September 23, 2009 - (RealEstateRama) — Oregon’s Senator Jeff Merkley urged Treasury Secretary Timothy Geithner and Housing and Urban Development Secretary Shaun Donovan Wednesday to implement several improvements to the Home Affordable Modification Program (HAMP) to make mortgage modifications simpler and speedier for borrowers and counselors.
Public input sought at housing opportunity meetings
September 21, 2009 Posted by OHCS
Salem, OR - September 16, 2009 - (RealEstateRama) — Starting next week, Oregonians will have a chance to help shape how Oregon Housing and Community Services implements funding received from House Bill 2436 at public forums held throughout the state.
State Issues Orders against Mortgage Brokers, Loan Originators
July 8, 2009 Posted by Oregon RealEstateRama
Salem, OR - July 7, 2009 - (RealEstateRama) – The Department of Consumer and Business Services (DCBS) issued cease-and-desist orders against two mortgage brokers and two loan originators in four recent cases
State Revokes Licenses of Two Mortgage Companies
June 3, 2009 Posted by Oregon RealEstateRama
Salem, OR - June 3, 2009 - (RealEstateRama) — In its continuing effort to strengthen enforcement of mortgage lending laws, the Oregon Department of Consumer and Business Services recently issued cease-and-desist orders assessing fines and revoking the licenses of two mortgage brokers: Mountainview Marketing of St. Helens and Sterling Coast to Coast Financial Group Inc. of Irvine, Calif.
State bans Portland-area mortgage loan originator
April 24, 2009 Posted by Oregon RealEstateRama
Salem, OR - April 24, 2009 - (RealEstateRama) — In an ongoing effort to better protect Oregon mortgage borrowers from fraud, the Department of Consumer and Business Services issued a cease-and-desist order permanently barring Larry Jason Somera of West Linn from the mortgage lending industry after he pleaded guilty in Multnomah County Court to one count of forgery.
FBI and U.S. Attorney Expand the Oregon Mortgage Fraud Working Group Effort
April 21, 2009 Posted by Oregon RealEstateRama
Portland, OR - April 20, 2009 - (RealEstateRama) — The Portland office of the Federal Bureau of Investigation (FBI) and the U.S. Attorney’s Office today announced expanded efforts to identify and prosecute mortgage fraud. As part of a multi-agency approach, special internet and phone tip lines have been established to handle reports of mortgage fraud. Investigations will be handled by the Oregon Mortgage Fraud Working Group, which has been operating since 2007, and continues to tackle mortgage fraud on multiple fronts.
Homeowners Should Be Wary of Loan Modification Offers
March 6, 2009 Posted by Oregon RealEstateRama
Salem, OR - March 4, 2009 - (RealEstateRama) — Oregonians facing foreclosure should beware of offers to modify their mortgage loan or find a loan modification for a fee, the Oregon Department of Consumer and Business Services and Department of Justice warned today.
State issues fines, orders in mortgage fraud case
March 1, 2009 Posted by Oregon RealEstateRama
Salem, OR - February 26, 2009 - (RealEstateRama) — In an ongoing effort to increase enforcement of mortgage lending laws, the Oregon Department of Consumer and Business Services levied fines against a mortgage broker and one of its employees for unethical and fraudulent behavior.
Eleven Count Federal Indictment Charges Former Portland Loan Officer with Mortgage Fraud
March 1, 2009 Posted by Oregon RealEstateRama
Portland, Ore. - February 20, 2009 - (RealEstateRama) — U.S. Attorney for the District of Oregon, Karin J. Immergut, announced a federal indictment was filed in U.S. District Court for the District of Oregon charging Kamau Herndon, 37, of Portland, with six counts of wire fraud, one count of mail fraud, three counts of money laundering, and one count of aggravated identity theft in connection with a mortgage fraud scheme.
State issues fines, enforcement orders in two mortgage lending cases
December 31, 2008 Posted by Oregon RealEstateRama
Former managers ordered to pay fines and a mortgage company receives conditional license
Salem, OR - December 29, 2008 - (RealEstateRama) – In an ongoing effort to strengthen its regulation of the mortgage lending industry, the Oregon Department of Consumer and Business Services ordered three former mortgage company principals to stop all unlawful activity in Oregon and issued a conditional […]
State denies license, orders mortgage broker to cease and desist
October 20, 2008 Posted by Oregon RealEstateRama
Firm ordered to pay $70,000 in fines for violations of Oregon Mortgage Lender Law
Salem, OR - October 20, 2008 - (RealEstateRama) — In a continuing effort to increase enforcement in mortgage lending, the Oregon Department of Consumer and Business Services issued a cease-and-desist order and assessed $70,000 in fines against NLC of OR Inc., formerly […]
Real Estate Loan Officer Pleads Guilty to Mortgage Fraud Scheme
October 6, 2008 Posted by Oregon RealEstateRama
Portland , Ore. - October 2, 2008 - (RealEstateRama) — Marty Ray Folwick, 50, pled guilty today before United States District Court Judge Garr M. King to four counts of a 15-count federal indictment which was returned by a grand jury on June 12, 2008 . The guilty plea was entered as part of a […]
