The Blotter

The Office of the Comptroller of the Currency assessed a $6 million civil money penalty against Sterling Bank and Trust, FSB for violations related to the bank’s Advantage Loan Program.

A Quincy, Mass., real estate broker was sentenced in federal court in Boston for operating a scheme in which he falsely marketed properties that were not for sale, or had already been sold, and then stole the buyers’ real estate deposits.

A federal jury in Houston has convicted a 61 year-old Dallas man for money laundering, conspiracy to commit and committing wire fraud.

A California rapper and two co-conspirators were sentenced to time in prison for their role in a loan fraud and identity theft conspiracy.

CoreLogic released its latest Mortgage Fraud Report, showing a 7.5 percent year-over-year decrease in fraud risk at the end of the second quarter 2022, as measured by the CoreLogic Mortgage Application Fraud Risk Index.

A Largo, Fla., man was charged with four counts of bank fraud and three counts of aggravated identity theft. Read on for more details.

Indiana Attorney General Todd Rokita warned residents to proceed with caution when using cyptocurrency in any transaction involving the sale or lease of real estate.

Westchester County, N.Y., District Attorney Miriam Rocah announced the sentencing of a Briarcliff Manor, N.Y., real estate attorney to state prison for stealing $3.7 million from eight clients.

The former president of sales and part-owner of a Garden City, N.Y.-based mortgage lender was sentenced for diverting more than $8.9 million of warehouse loans the lender fraudulently obtained purportedly to fund home mortgages and home refinancing.

A former Massachusetts attorney and his wife have been sentenced in federal court in Boston in connection with various mortgage fraud schemes.