Changing Lives For Over 25 Years 305-567-1011

Get Legal Help Now

305-567-1011

Mortgage Fraud News

Mortgage Fraud - Google News

Google News

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news
Posted: April 21, 2018, 9:19 pm

The Globe and Mail

Trustee to take over Fortress broker in wake of RCMP raid
The Globe and Mail
A judge has ordered a trustee to take over the operations of the lead mortgage broker for beleaguered real estate developer Fortress Real Developments Inc., just a week after the RCMP raided Fortress's Toronto-area offices as part of a syndicated ...

and more »
Posted: April 20, 2018, 9:38 pm

24/7 Wall St.

Mortgage Fraud Risk Rises for Sixth Straight Quarter
24/7 Wall St.
The national mortgage application fraud risk index rose from 138 in the fourth quarter of 2017 to 144 in the first quarter of 2018, according to researchers at CoreLogic. In the first quarter of 2017, the index reading was 132. The fraud risk index has ...

Posted: April 20, 2018, 4:47 pm

Reverse Mortgage Daily

How Reverse Mortgage Professionals Can Prevent Wire Fraud
Reverse Mortgage Daily
Real estate transactions—including reverse mortgage transactions—are increasingly a target for scammers, as seen by title and closing professionals on an ongoing basis. But there are precautions and measures loan originators and others who ...

Posted: April 18, 2018, 8:41 pm

CBC.ca

Future of Winnipeg's SkyCity condos questioned after RCMP raid
CBC.ca
Some investors are questioning whether the tallest building in Winnipeg will ever get off the ground after the RCMP raided the headquarters of the company behind SkyCity Centre last week. RCMP executed a search warrant at six properties in the Greater ...

Posted: April 18, 2018, 3:12 pm

Canadian Underwriter

When policy exclusion wording intersects with fraud
Canadian Underwriter
Justice Matheson added that the insurance coverage in this case would be “nullified” if the money actually had to be received by the “approved party” since no fraud would occur if the right person got the money. Two of the three Court of Appeal for ...

Posted: April 17, 2018, 11:41 pm

Mortgage Broker News

Fortress Real fiasco underscores FSCO's impotence
Mortgage Broker News
Syndicated mortgage fraud, and the consequences its unscrupulous players are beginning to reckon with, has put the Financial Services Commission of Ontario on the hot seat, with many questioning the government agency's effectiveness. “Various parties ...

Posted: April 17, 2018, 12:22 pm

Winnipeg Free Press

RCMP raid SkyCity Centre developer's offices in Toronto in fraud investigation
Winnipeg Free Press
The Toronto-area developer behind a proposed mega-development on Graham Avenue was raided by the RCMP Friday in a syndicated mortgage fraud investigation. Officers were seen removing boxes of material from the Richmond Hill, Ont. office of Fortress ...

and more »
Posted: April 14, 2018, 6:35 pm

Yahoo News Canada (blog)

RCMP raid 6 locations in GTA as part of syndicated mortgage fraud investigation
Yahoo News Canada (blog)
The RCMP raided six properties in the Greater Toronto Area Friday morning as part of an ongoing investigation into syndicated mortgage fraud. Police would not confirm what company or companies the locations searched are tied to, but an RCMP vehicle was ...

and more »
Posted: April 14, 2018, 3:56 pm

The Globe and Mail

RCMP search Fortress office in mortgage-fraud probe
The Globe and Mail
RCMP officers searched the head office of real estate developer Fortress Real Developments Inc. on Friday morning as part of a syndicated-mortgage fraud investigation. RCMP Sgt. Penny Herman confirmed Friday that officers from the RCMP's Integrated ...

and more »
Posted: April 13, 2018, 8:15 pm

Financial Post

RCMP probing syndicated mortgage fraud search GTA offices, including Fortress, sources say
Financial Post
The RCMP's white-collar crime team carried out six search warrants in the greater Toronto area Friday as part of an investigation into possible syndicated mortgage fraud. While the RCMP would not disclose the target of the searches, sources confirmed ...

and more »
Posted: April 13, 2018, 7:41 pm