Among other useful resources provided by the California Bureau of Real Estate is a consumer alert called Suggested Questions for Consumers to Ask of Those who Offer Real Estate and Home Loan Services: Helping You Avoid Becoming a Scam Victim. Among the questions that the BRE suggests are […]
Real Estate
Good News for Homebuyers – Mortgage Requirements Loosening
The LA Times reported this weekend that lenders, like Wells Fargo, have begun loosening some of the restrictions which have stymied many would-be home buyers over the last several years. The article, “Lenders begin easing requirements to get a mortgage,” can be found here. The article cites […]
OCWEN Agrees to $2.5 million Settlement for Failing to Provide Loan Information
The Department of Business Oversight for the State of California issued a press release last month announcing a $2.5 million settlement for OCWEN’s failure to provide loan information for the DBO to assess compliance with California mortgage lending laws. The press release can be found by […]
Useful Resource: Quick Guide for Tenants Renting a Home
Although mortgage fraud is harder since the financial crisis, many of those would-be crooks have moved on to the next real-estate related scam: Using all those vacant properties to rip-off renters by posting bogus craigslist adds and posing as the owners or property managers. Fortunately […]
Man Sentenced for Straw-Buyer Mortgage Fraud Scheme
On January 23, 2015, Wasseem Shamoun was sentenced to 15 months in prison for his role in defrauding banks as part of a straw-buyer scheme. The indictment alleged the scheme took place from approximately January 2006 through December 2008, so this prosecution falls within the DOJ’s […]