A Jacksonville, Florida appraiser has been sentenced to four years in federal prison as he and his fraudster partner, contracted to purchase about 55 houses and commit fraud. He would appraise most of the properties then his partner swindler would submit the fraudulent inflated appraisals to supp...
An investigation dubbed "Operation Bankroll" involving an assortment of schemes including money laundering, identity theft, mortgage fraud and larceny. The indictment charges that between 2006 and 2009, the defendants participated in a series of financial and real estate scams in order to steal a...
Jeremiah Yancy appears to have used his ministerial trusting relationships for personal gain. He has lived in the Boise, Idaho area, Tucson, Arizona and Colorado Springs, Colorado. He has been called a con-man who has convinced trusting church families and friends with high FICO scores to invest ...
Real Estate Agent Pleads Guilty in Short Sale Mortgage Fraud Scheme - A Connecticut, a licensed real estate agent, has pleaded guilty from her involvement in a "short sale" mortgage fraud scheme. The charges had stemmed from an alleged "short sale" mortgage fraud scheme...
Here is the complete text of the U.S. Constitution. The original spelling and capitalization have been retained. The Constitution of the United States of America is the supreme law of the United States. It is the foundation and source of the legal authority underlying the existence of the United ...
The Financial Crimes Enforcement Network (FinCEN) released a new analysis of suspicious activity related to possible mortgage loan fraud in the third quarter of 2009. The report shows that in the third quarter of 2009, depository institution filer's submitted 15,697 mortgage loan fraud (MLF) SARs...
HOLD THE DATE!!! The Quarterly and ANNUAL meeting of the Florida Quality Council Friday, March 12th, 2010 Registration will be available soon on-line at  Meeting Topics will Include Mortgage Modifications and Economic Recover Valuation Challenges Impacting F...
The Mortgage E-Verify Act, introduced would require that the identity of all applicants for new or modified mortgages held by Fannie Mae or Freddie Mac or insured by the FHA, be confirmed through the E-Verify program of the Department of Homeland Security.  U.S. Congressman Rep. Kenny Marchant fr...
There hundreds of stories on blog sites about the association management, staff, and board members spending money without accountability and downright unethical directors who steal association funds or find a way to benefit one way or another. With this alarming number of homeowner association me...
Very Large Losses Are Forecast for Commercial Real Estate and expected to strongly affect some Community Banks and will the Housing Market be affected further by the fallout? Will this affect you if you are not an investor in commercial real estate or a banker? It could as the panel stated "a sig...

Michael Richardson

First Colorado Lending
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