Archive for the ‘Mortgage Fraud, Idaho’ Category

Idaho Weathers The National Mortgage Fraud Problems

Wednesday, July 23rd, 2008

Gavin Gee, director of the Idaho Department of Finance, announced the highlights of the agency’s fiscal year 2008 activities.&nbsp Among the news are indicators that Idaho state-chartered banks and credit unions remain strong, Idaho has weathered the national mortgage problems better than most other parts of the country, and Idaho continues to attract business.&nbsp Gee said, “The news in Idaho is positive – our state-chartered financial institutions are safe and sound, the number of financial service …

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Original post by default@goarticles.com (Nick Kent)

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Builder Banker Broker And LO Charged For Fraud

Friday, May 30th, 2008

Christopher A. Upchurch, 33, a Nampa, Idaho contractor and Barbara L. Cobos, 36, a loan officer at Zions First National Bank, Eagle, Idaho, made their initial appearances in federal court in Boise, Idaho after being indicted, along with Nicholas R. Gossi, 26, Nicholas R. Coats, 29, and Max Reich, 32, who are also charged in the scheme to use straw borrowers to get construction loans. Trial was set for July 22, …

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Original post by default@goarticles.com (Jennifer Morva)

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Idaho Dept of Finance Issues Shuts Down Bait And Switch Scheme

Friday, May 9th, 2008

Assurity Financial Services, LLC, was issued an Order to Cease and Desist by the Idaho Department of Finance for sending mailers to Idaho residents entitled “Refund Notice,” suggesting that recipients’ current adjustable-rate mortgage may have been the subject of errors in principal and interest calculations. The mailer indicates that “A Refund Audit Specialist will be able to help you determine your correct principal and interest payment and assist you in collecting any refund that you …

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Original post by default@goarticles.com (Ivan Cuxeva)

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Idaho Bans Florida Foreclosure Rescue

Thursday, March 27th, 2008

Mortgage Assistance Solutions, LLC, a Florida foreclosure rescue company that sent advertisements to consumers claiming their homes were in foreclosure, can no longer do business in Idaho. Mortgage Assistance Solutions entered into a settlement agreement with the Attorney General that prohibits the company from advertising or engaging in any transaction involving an Idaho consumer or property in Idaho.

Idahoans filed complaints against Mortgage Assistance Solutions alleging that they were sent a …

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Original post by default@goarticles.com (Simon Burgess)

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Nationwide Mortgage Licensing System Launched In Idaho

Thursday, January 3rd, 2008

The Idaho Department of Finance has joined six other state agencies in participating in the Nationwide Mortgage Licensing System (NMLS).

“I am proud that the states are at the forefront of mortgage regulatory reform and that Idaho is taking a leadership role in this initiative,” Gavin Gee, director of the Idaho Department of Finance, said.&nbsp “NMLS represents a new era in supervision of the mortgage industry that will promote more stable markets and protect …

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Original post by default@goarticles.com (1st American Mortgage )

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Foreclosure Rescue Company Required to Make Disclosures

Friday, December 14th, 2007

Highland Financial, a Post Falls, Idaho business that offers mortgage foreclosure rescue services, will change its business and advertising practices.  Under the terms of a legal settlement, Highland Financial agrees to comply with the Idaho Consumer Protection Act in its future advertising and promotions.

According to RealtyTrac, an organization that compiles foreclosure statistics, Idaho has experienced a 158% increase in foreclosure filings since October 2006.&nbsp Due to the mortgage foreclosure crisis, foreclosure …

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Original post by default@goarticles.com (Andy Adams)

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Idaho State Finance Department Obtains Permanent Injunction

Thursday, September 13th, 2007

Robert Fischer, Middleton, Idaho, and The Babco Group, LLC, entered into a Stipulated Judgment and Permanent Injunction.

A Department of Finance complaint alleged that the defendants offered and sold securities in the form of investment contracts represented as paying a 15-percent return. According to the complaint, the defendants represented to investors that their investment proceeds would be used to purchase residential real estate and that the investors would be repaid when the …

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Original post by default@goarticles.com (Gregory van Duyse)

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Idaho Warns Consumers of Foreclosure Rescue Schemes

Thursday, June 21st, 2007

Idahoans facing foreclosure on a home mortgage should be wary of fraudulent “foreclosure rescue” scams according to Idaho Attorney General Lawrence Wasden and Department of Finance Director Gavin Gee.  Wasden and Gee encourage anyone who may be facing foreclosure to become informed about their options.

”Talk to your lender as soon as you realize there may be a problem meeting your mortgage payments,” Gee advised.  ”Letting time pass, with the mortgage unpaid, will only …

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Original post by Mortgage Fraud Blog

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