The Blotter

CoreLogic released its latest Mortgage Fraud Report, showing that at the end of the second quarter of 2017, there was a 16.9 percent year-over-year increase in fraud risk. Read on for more details.

An Atlanta, Georgia man was sentenced to three years in prison, followed by five years of supervised release, for his role in a bank fraud scheme that resulted in losses of approximately $2.7 million.

New Jersey Attorney General Christopher S. Porrino announced that a lawyer from Essex County was sentenced to state prison for conspiring with others to steal approximately $873,520 from a lender by using stolen identities to file fraudulent mortgage loan applications for two bogus real estate transactions, falsifying settlement statements and diverting loan proceeds.

The former title closing coordinator at an Oklahoma real estate company was sentenced to time in prison for making a forged security and filing a false tax return in connection with his embezzlement of more than $250,000 from the company. Read on for more details.

A Philadelphia man was sentenced to time in prison after pleading guilty to one count of conspiracy to commit loan and bank fraud, one count of conspiracy to defraud the Internal Revenue Service, and one count of conspiracy to commit wire fraud. Read on for more details.

An Allegheny County mortgage broker pleaded guilty in federal court to a charge of bank and wire fraud. Read on for more details.

First American Financial Corp. released the First American Loan Application Defect Index for July 2017, which shows that a seven-month loan defect risk trend has ended. First American’s chief economist also explains the potential impact a mortgage rate increase could have on the Loan Application Defect Index. Read on for more details.

A Pensacola Beach, Fla., title attorney was sentenced to time in prison and ordered to pay more than $3.7 million in restitution for conspiracy to commit bank and mail fraud, false statement to a federally insured financial institution, nine counts of money laundering, and two counts of theft, embezzlement or misapplication by a person connected with a financial institution. Read on for more details.

A federal jury convicted a former Philadelphia Eagles football player of his role in a $10 million fraud scheme. The scam lasted from 2009-2016. Read on for more details.

Senior executives of a Long Island mortgage lender were charged with conspiracy to commit wire and bank fraud in connection with their obtaining more than $8.9 million of warehouse loans for Vanguard to fund mortgages. Read on for more details.