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35% drop in US mortgage fraud cases

Posted by alishaeve (sg.news.yahoo.com) 36 days ago under springhill group home loans springhill group housing loand and deposits 35-drop in us mortgage fraud cases

By Romesh Navaratnarajah: Cases of residential mortgage fraud in the US done in collusion with mortgage industry professionals dropped 35 percent between 2010 and 2011, according to the LexisNexis Risk Solutions Mortgage Fraud Report.
The report tracked actual cases of mortgage fraud or misrepresentation by mortgage sector professionals, as reported by lenders and other financial institutions. These include cases of borrowers falsifying information on mortgage documents but only if they conspired with mortgage industry professionals.
One reason for the significant decline is because mortgage loan originations fell to its lowest level in 2011 since 2001, indicating a sharp reduction in sales of new and previously-occupied homes.
Another reason is that fewer fraud schemes are committed when a buyer is trying to get a home loan. However, the FBI noted that loan fraud involving selling or buying homes is more common at some stages of foreclosure, adding that mortgage fraud investigations led to 1,082 convictions in FY 2011.
According to the LexisNexis study, home appraisal and loan application fraud, along with misrepresentation, accounted for the biggest category of fraud investigated by lenders in 2011. Related Stories: Fixed-rate mortgage in demand despite cheaper tracker-rate loans
15% discount on mortgages reappears in Shanghai
US mortgage rates fall to new record lows
More from PropertyGuru:
Fixed-rate mortgage in demand des...

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Lawsuit alleges firm targeted Korean immigrants

Posted by alishaeve (abclocal.go.com) 36 days ago under springhill group home loans springhill group housing loand and deposits lawsuit alleges firm targeted korean immigrants

LA CRESCENTA, Calif. (KABC) -- More than two dozen people say they fell victim to a costly home loan scam that targeted Korean immigrants. The lawyer accused of orchestrating it all is being sued.

It took a life savings to buy this La Crescenta home. Losing it took mere months, all because of accused lawyer Timothy D. Thurman and Trinity Law Associates. Ok Kee Shin is just one of 28 alleged victims.

"It is just such a shock, and that the house had been sold and foreclosed," said Shin through a translator.

In a lawsuit, the Asian Pacific American Legal Center details a web of fraud. Though the plaintiffs are all Korean immigrants, people of any nationality could fall for this one.

The suit says Trinity Law Firm hired Koreans to place ads, then illegally paid them, like bounty hunters, to bring in customers.

"This practice known as 'running and capping' is against the law," said Yungsuhn Park, Asian Pacific American Legal Center. "Attorneys are prohibited from paying non-attorney agents to find clients."

Everything seemed so credible. The Trinity Law Firm operated out of a high-rise on Wilshire Boulevard.

"So he flipped through my loan documents and he told me that this was a bank that had a lot of errors in their loan documents," said Shin's translator, quoting her.

She says Thurman assured her he could fix her loan for a fee of $7,000, and that she should stop paying her mo...

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Loan Against Properties | Springhill Group Home Loans, fraud and scam watch loans

Posted by alishaeve (springhillgrouphome.com) 45 days ago under springhill group home loan south korea springhill group home loan fraud and scam watch loans

Springhill Group Home Equity Loans helps you encash the present market value of the property by taking a loan by mortgaging the property.

Features of Loan Against Property

Purpose
Loan can be for any purpose. However, the funds should not be used for speculation or any illegal purposes. Customers have benefited by taking loans to meet the following funding requirements
Education
Marriage Expenses
Medical Expenses
Property
Residential
Non Residential
- Should be Fully Constructed
- Should be a Freehold property having a clear and marketable title.
Adjustable Rate Home Loan
Conditions apply on this kind of loan, please contact us directly to inquire.

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Springhill Group Services provides with it a dedication to delivering an extensive standard of program and superior qual

Posted by alishaeve (faithpiper-springhillgrouphomeloans.blogspot.com) 45 days ago under springhill group news korea bulletin group of springhill korea fraud watch

Springhill Group Services provides with it a dedication to delivering an extensive standard of program and superior quality care. From an expanding small team of enthusiastic recruiters to a company with satisfied clients, delivering excellence in patient and top quality customer care.

Springhill Group Services offers the healthcare market with customized departments that put emphasis on nearly every area of the healthcare industry.

Homecare

Springhill Group Medical and Healthcare services provides in-home personal care, treatment of a variety of conditions by skilled nurses, therapists and home health aides.

Non-Medical Care

Springhill Group Services companions are available on an as-needed basis to assist seniors, new and expectant parents, and other individuals who may need non-medical care or additional help around the house.

Medical Facility Staffing

We provide local, regional, and national staffing services to healthcare facilities through specialized divisions.

For inquiry, drop us an email at [email protected]

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A Scam - Review of Springhill Suites Houston Medical Center | YousayToo

Posted by alishaeve (www.yousaytoo.com) 158 days ago under south korea group springhill review

Source : http://www.valueinvestingnews.com/scam-review-springhill-suites-houston-medical-center
http://www.yousaytoo.com/a-scam-review-of-springhill-suites-houston-medical-center/2048771
Springhill Suites Houston Medical Center/Reliant Park: Traveler Reviews
Ranked #91 of 425 hotels in Houston
50 Reviews
50 reviews from our community
Trip type
Family reviews (16)
Couples reviews (6)
Business reviews (17)
Solo travel reviews (5)
Friends reviews (3)
“A Scam!” - While this hotel is clean, I would NOT recommend staying here, especially if you need to rely on taxis for transportation. First, we asked for three days in a row for the drain in the bath/shower to be unclogged, which was never done. Standing in inches of water while taking a shower is not my idea of fun. Much worse however, was the scam the hotel seems to be running regarding taxis and car service. The last night of my stay, I requested an early morning cab to go to the airport. I was told it would be taken care of. Shortly after, the front desk called my room, asking if I wouldn’t prefer a town car. I was told this was suggested because the cab drivers had been adding extra distance to rides to drive up the cost of the fare. Since I had taken a cab from the airport to the hotel, I had a sense of the cost, and felt confident that I could be firm with the cab driver, especially since the cost of the town car was quoted at $10 more. The next mo...

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Springhill Group Home: Top 10 Fraud Schemes | YousayToo

Posted by alishaeve (www.yousaytoo.com) 158 days ago under south korea group springhill review

Source : http://newscenter.springhillgrouphome.com/
Springhill Group Home: Top 10 Fraud Schemes
http://newscenter.springhillgrouphome.com/2012/03/springhill-group-home-top-10-fraud-schemes/
For the twelfth successive year, identity theft topped the consumer complaint database of the Federal Trade Commission with the largest number of complaints, perhaps owing to the rampant use (and misuse) of online services such as social networking and e-commerce websites.
From the 1.8 million complaints the FTC got in 2011, almost 300,000 are about identity theft. The information of FTC has included complaints filed to them or from other states and federal consumer protection groups.
Most of the complaints of identity theft are coming from consumers saying that their personal details are used in government documents without their knowledge, with scammers aiming to collect benefits. Last year, government-related identity theft was 27% of the total complaints in that category, increasing by 11% since 2009. Accounting for the 14% of identity theft complaints is credit card fraud, with the rest consisting of complaints of bank, utilities and phone fraud.
More than half of all the complaints last year were related to fraud and taxpayers reportedly paid a total of over USD 1.5 billion in fraudulent schemes, with the average amount paid being USD 537. Moreover, 43% of the victims acknowledged that scammers reached them through email messages.
The top thr...

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Springhill Group Home: Impact of Budget Cuts on Rural Housing and Availability of Mortgage | YousayToo

Posted by alishaeve (www.yousaytoo.com) 158 days ago under south korea group springhill review

Source : http://newscenter.springhillgrouphome.com/
http://www.yousaytoo.com/springhill-group-home-impact-of-budget-cuts-on-rural-housing-and-availa/2048757
Springhill Group Home: Impact of Budget Cuts on Rural Housing and Availability of Mortgage
http://newscenter.springhillgrouphome.com/2012/03/springhill-group-home-impact-of-budget-cuts-on-rural-housing-and-availability-of-mortgage/
The budget cuts on rural housing finance are raising many significant questions. In the present economic situation, where federal funding for the rural housing projects is much needed, the budget cut is really distressing. According to the rural market experts, Section 538 Rural Rental Loan Guarantee Program has offered the most effective service in this regard. However, the recent budget cut is much likely to affect the proceeding of this program and home loan rate for buying a rural property.
Rural economics – Demand vs. supply
Only about 19% Americans live in rural areas. The average yearly income of a rural household is lower than an urban one. The poverty rate in the rural America is about 15%, whereas the rate is almost 13% in urban America. Section 538 by United States Department of Agriculture (USDA) is the largest mortgage lender in rural America. Till the end of 2011, the program funded about 700 rural housing projects. Unfortunately, this program has become the primary victim of budget cut. It received 130 million USD in FY 2010; while in FY 201...

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