Wisconsin Senior Medicare Patrol

Couple Charged with Mortgage Schemes in Wisconsin, Minnesota

A Minnesota couple and another man are charged with defrauding mortgage lenders in a $5 million, two-state scheme that involved people who couldn’t afford loans. The Star Tribune explains the complicated scheme: The indictment, handed up late Monday, alleges that the Hoffmans, either separately or together, owned and controlled business entities that they used to [...]

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Need a Home Loan? Mortgage Fraud Could Hurt Your Chances

While most mortgage fraud happened from 2006-2009, the backlash could offer significant roadblocks for those applying for mortgages this year, Housing Watch reports. Lenders say income fraud is at the top of their list – and the most offenders live in Wisconsin. Companies attempting to spot mortgage fraud could easily ax applications from legitimate buyers [...]

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10 Arrested for Mortgage Fraud

Ten people were arrested as part of investigations into mortgage fraud in Wisconsin. They were a fraction of 500 arrests made since March in a nationwide sting on scammers preying on homeowners who need mortgage help. The scammers in some cases submitted fake mortgage applications. BusinessWeek has more. The FBI has details on how you [...]

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Charges Filed in Mortgage Fraud Case

An official at a Wisconsin mortgage company are accused of lying on applications to get loans approved. Brian K. Bowling, a chief officer at Platinum Concepts, Inc., of Madison, is charged in the federal case, CanadianBusiness.com reports. Authorities say Bowling netted nearly $2 million in loans – and investors lost at least $434,000, the story [...]

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