A Grosse Ile businessman will spend the next seven-and-a-half years in jail after being convicted of orchestrating millions of dollars of fraudulent mortgage transactions.
The former president of a mortgage document processing company has been sentenced to up to 20 years in prison on a racketeering charge in a Michigan case.
Michigan Attorney General Bill Schuette has charged the former president of mortgage document company with racketeering for her alleged role in authorizing fraudulent mortgage documents.
Michigan Attorney General Bill Schuette has issued a second criminal investigative subpoena against a national mortgage servicing support provider.
Dozens of names are on a list of people who have been indicted on mortgage fraud in the Metro Detroit area. Michigan U.S. Attorney Barbara McQuade said “Michigan is one of five states that together make up half of all foreclosures in the country.”
Is mortgage fraud becoming a bigger problem in Michigan?