Tag Archives: Mortgage

Real Estate Broker Sentenced In Mortgage Scheme

Mortgage Fraud Blog. Geo Geovanni, 50, Moultrie, Georgia has been sentenced to 37 months in federal prison for conspiracy to commit bank fraud and bank fraud. According to testimony and evidence presented at trial, Geovanni worked as a real estate … Continue reading

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Did a mortgage creditor violate the discharge injunction by including in its proof of claim charges that had been discharged in debtor’s prior case?

Yes. An Ohio bankruptcy court ruled that the debtor’s mortgage creditor violated the discharge injunction by including in its proof of claim charges that had been discharged in the debtor’s prior Chapter 13 case.  In making its decision, the court … Continue reading

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FCA letter on mortgage prisoners

On 9 January 2019, the FCA published a letter that it had sent to Nicky Morgan MP, Chair of the Treasury Committee. The letter provides an update on the FCA’s work on improving switching options for mortgage customers who are … Continue reading

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Beware of Lenders Wrongfully Foreclosing on a Reverse Mortgage

A reverse mortgage allows older homeowners to receive monthly payments from a lender based on the homeowners’ equity in their home.  In a typical scenario, a lender makes monthly payments to the homeowner and the homeowner’s obligation to repay the … Continue reading

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PRA and FCA consult on changes to mortgage reporting requirements

On 13 December 2018, the FCA and PRA jointly published a consultation paper setting out proposed changes to mortgage reporting requirements (FCA CP18/41, PRA CP30/18). The joint consultation will be directly relevant to: mortgage lenders, home finance administrators and entities … Continue reading

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