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Mortgage Fraud Archives

Bad Countrywide Loans Addressed by BofA

Bank of America Offers to Modify 100K Countrywide Mortgages June 25, 2009 -- Bank of America Corp. has offered to modify over 100,000 Countrywide sourced home loans over a four-month period. This is double the amount required under the settlement between California and other states against Countrywide Financial Corp. for...

Southern California Predatory Mortgage Lending Ring Arrested

California Mortgage Fraud Ring Arrested for Predatory Lending Practices SAN BERNARDINO, CA -- April 4, 2008 -- Prosecutors cracked down on a California mortgage fraud ring on March 18. The fraud ring, allegedly led by 25-year old real estate agent Eric Pony, reportedly took advantage of thousands of home buyers...