Tuesday, January 26, 2021

Showing results for:

Britain’s Lloyds bank fined $80 million for mistreating mortgage customers

Britain’s biggest domestic bank Lloyds has been fined 64 million pounds ($81.2 million) by the Financial Conduct Authority for mistreating hundreds of thousands of mortgage customers in financial difficulties. Lloyds and its Bank of Scotland and The Mortgage Business units...

Former President of First Mortgage company indicted on fraud charges

A federal grand jury returned a 24-count indictment charging Ronald J. McCord, 69, of Oklahoma City, with defrauding two banks, Fannie Mae and others, Timothy J. Downing, U.S. attorney for the Western District of Oklahoma, said on Thursday.  The charges...

Whistleblower claims massive manipulation of mortgage funds by Wall Street

Among the toxic contributors to the financial crisis of 2008, few caused as much havoc as mortgages with dodgy numbers and inflated values. Huge quantities of them were assembled into securities that crashed and burned, damaging homeowners and investors...

Former village trustee jailed for extortion and mortgage fraud

A former Hempstead Village trustee was sentenced Tuesday in a case involving bribe-receiving, grand larceny and other charges. Perry Pettus pleaded guilty on June 13 to the charges, as well to charges involving tampering with public records,  falsifying business records,...

Former Deutsche Bank subprime executive to pay $500,000 fine in alleged mortgage fraud

A former head of subprime trading at Deutsche Bank AG (DBKGn.DE) will pay a $500,000 civil fine to resolve charges he misled investors about the quality of loans backing $1.42 billion of residential mortgage-backed securities (RMBS) issued before the...

Nigeria: Whistleblower sacked after exposing fraud by Federal Mortgage Bank’s management

The Federal Mortgage Bank of Nigeria (FMBN) has again sacked Murtala Ibrahim, an auditor with the bank who blew the lid on official corruption three years ago. The dismissal, communicated to Mr Ibrahim on September 26, is the second time the FMBN...

Nigeria: Former MD of New Prudential Mortgage Bank Ltd, Adetunji Abudu Jailed for Fraud

A Lagos State High court has sent a former Managing Director of New Prudential Mortgage Bank Limited, Adetunji Abudu, to two years imprisonment for N195m fraud. A statement signed by Nigeria's anti- graft agency, EFCC, on Thursday, said Mr Abudu...

U.S megachurch pastor Kirbyjon Caldwell jailed for six years in fraud scheme

A Texas megachurch pastor and former spiritual adviser to two U.S. presidents has been sentenced to six years in prison for bilking investors out of millions of dollars. Kirbyjon H. Caldwell, 67, was sentenced Wednesday in Shreveport, Louisiana, where he...

Wells Fargo released from consent order related to anti-money laundering program

Wells Fargo & Company said on Tuesday the Office of the Comptroller of the Currency (OCC) had terminated a 2015 consent order related to an anti-money laundering compliance program after the bank took steps to remedy the problems. The end...

B.C. seeks forfeiture of $1.8m properties allegedly linked to money laundering

The province seeks to have forfeited two Chilliwack properties valued at $1.8 million that are allegedly linked to drug trafficking and money laundering. In a notice of application filed in B.C. Supreme Court, the B.C. Civil Forfeiture Office alleges the...

Latest News

Yes Bank founder Rana Kapoor denied bail in money laundering case

The Bombay High Court on Monday refused to grant bail to Yes Bank founder Rana Kapoor, who is accused...
You searched for:

mortgage

- Advertisement -
Enable Notifications    OK No thanks