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Fighting Mortgage Fraud with Legal Expertise: Legal Aid Mortgage Fraud
Mortgage fraud is a serious issue that affects many homeowners and prospective buyers, especially in complex urban markets like Chicago. It can lead to devastating financial consequences, including loss of property, damaged credit, and prolonged legal battles. Understanding how to fight mortgage fraud with legal expertise is essential for anyone facing suspicious or fraudulent activity related to their mortgage. This article explores the nature of mortgage fraud, the role of

Payton Legal Group
Feb 254 min read


CFPB bans RMK Financial from mortgage industry for deceptive practices
Deceptive mortgage ads have led to a $1 million fine and a permanent ban on the company

Payton Legal Group
Feb 28, 20232 min read


Mortgage fraud trial looms for top prosecutor.
Tenure was marked by high-profile decisions. With a March trial date quickly approaching in the federal perjury case against Baltimore’s former top prosecutor Marilyn Mosby, a series of rulings Tuesday created significant new hurdles for her defense team, including the possibility of criminal contempt charges against her lead attorney. Mosby left office earlier this month after serving two terms as Baltimore state’s attorney - a tenure defined by several high-profile decision

Payton Legal Group
Jan 18, 20233 min read


Bank to pay $31 million redlining settlement
Bank to pay $31 million redlining settlement. It's the DOJ's largest ever

Payton Legal Group
Jan 13, 20233 min read


Wells Fargo problems far from over.
Wells Fargo problems far from over - report. Massive settlement isn't the end.

Payton Legal Group
Dec 22, 20224 min read


Credit Suisse to pay $495 million to settle legacy RMBS case
Credit Suisse Group AG agreed to pay $495 million to settle the largest remaining case related to mortgage-backed securities.

Payton Legal Group
Oct 22, 20222 min read


Three more captured in massive multistate fraud scheme
Three more were captured in a massive multistate fraud scheme.
The trio unsuccessfully sought to declare themselves immune from prosecution

Payton Legal Group
Jul 27, 20223 min read


New York man pleads guilty in mortgage fraud scheme
A New York man has pleaded guilty for his role in a mortgage fraud scheme involving multiple mortgage loans at a multifamily complex, US Ju

Payton Legal Group
Jul 15, 20223 min read


Boston-area man convicted in 10-year mortgage fraud scheme
Scam involved at least two dozen fraudulent loan transactions totaling $6.5M.

Payton Legal Group
Jun 3, 20224 min read


California man gets 15-year prison term for bank fraud scheme
A California man was sentenced this week to 15 years in prison for a bank fraud scheme.

Payton Legal Group
May 13, 20223 min read


New Jersey man draws nine-year prison stint for mortgage fraud
A New Jersey man was sentenced on Thursday to 108 months in prison for conspiring to obtain mortgage loans to finance the sale of properties

Payton Legal Group
Mar 12, 20223 min read


California man pleads guilty to mortgage modification scam.
A California man has pled guilty to operating a multimillion-dollar mortgage modification fraud scheme.

Payton Legal Group
Mar 9, 20223 min read


High profile prosecutor indicted over false mortgage applications
It is a four-count indictment A federal grand jury indicted Baltimore’s top prosecutor Thursday on charges of perjury and making false mortgage applications in the purchase of two Florida vacation homes, the Office of the US Attorney for the District of Maryland said. The four-count indictment alleges that Baltimore State’s Attorney Marilyn Mosby lied about meeting qualifications for coronavirus-related distributions from a city retirement plan in 2020. Federal prosecutors al

Payton Legal Group
Jan 14, 20223 min read


Wells Fargo slapped by multi-million fine
Consumer missteps come back to haunt it Wells Fargo & Co. will pay a $250 million fine after the Office of the Comptroller of the...

Payton Legal Group
Sep 10, 20212 min read


Illinois real estate developer faces fraud charges for “helping” buyers qualify for mortgage loans
A real estate developer from Illinois and two others have been accused of running a multi-million-dollar mortgage fraud scheme.

Payton Legal Group
Feb 4, 20211 min read


Rent payments down, fraud up, say multifamily landlords
Results Matter. Knowledge Delivers. Payton Legal Group represents Chicago consumers in matters of foreclosure, bankruptcy, consumer rights,

Payton Legal Group
Oct 16, 20201 min read
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