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Single Family Housing

Farr sentenced to 14 years for squatting crimes

(Source: beverlyreview.net) One of four men found guilty of illegally taking over several vacant homes in Beverly/Morgan Park two years ago, a practice commonly known as squatting, has been sentenced to 14 years in prison.

David Farr, also known as Fahim Ali, was admitted into the Northern Reception and Classification Center in Joliet on May 24, according to the Illinois Department of Corrections (IDOC).

His projected parole date and discharge date have yet to be determined.

Man Sentenced to 14 years in Squatting Case

(Source: chicagotribune.com) A man previously described as the ring leader of a criminal enterprise that illegally took possession of several homes in the Chicago area has been sentenced to 14 years in prison, according to the Cook County state's attorney's office.

David Farr was sentenced Monday by Cook County Circuit Court Judge Alfredo Maldonado. He had been convicted last Sept. 30 of felonies, including theft of over $1 million and financial institution fraud.

HUD Did Not Ensure That Lenders Properly Processed Voluntary Terminations of Insurance Coverage on FHA Loans and Disclosed All Implications of the Terminations to the Borrowers

The U.S. Department of Housing Urban Development (HUD), Office of Inspector General audited HUD to determine whether it ensured that lenders properly processed voluntary terminations of insurance coverage on single-family Federal Housing Administration (FHA) loans and disclosed all implications of the terminations to the borrowers.  We initiated this audit because of our concern that borrowers might not be aware of the rights they give up when their insurance coverage is terminated.

Judgment Imposed on the Former President and Founder of MDR Mortgage Corporation Regarding Allegations of Failing To Comply With HUD’s Federal Housing Administration Requirements

The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General (OIG), in coordination with the U.S. Department of Justice’s Civil Division and the U.S. Attorney’s Office for the Northern District of Illinois’ Eastern Division, conducted a joint review of the former president and founder of MDR Mortgage Corporation.

One Individual Charged With Making False Statements in a Reverse Mortgage Loan Application

SAN JUAN, P.R – On March 29, 2017, a federal grand jury in the District of Puerto Rico returned a one count indictment charging Tommy Rudy Habibe-Arias with making false statements in an application for a Home Equity Conversion Mortgage loan (commonly known as a “Reverse Mortgage”), announced United States Attorney for the District of Puerto Rico, Rosa Emilia Rodríguez-Vélez. The U.S. Department Housing & Urban Development- Office of Inspector General (HUD-OIG) is conducting the investigation.

 

Final Civil Action – United Shore Financial Services, LLC, Settled Allegations of Failing To Comply With HUD’s Federal Housing Administration Loan Requirements

The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General (OIG), assisted the U.S. Department of Justice, Washington, DC, and the U.S. Attorney’s Office, Eastern District of Michigan, in the civil investigation of United Shore Financial Services, LLC.  United Shore is a Federal Housing Administration (FHA)-approved mortgage lender, with its principal place of business located in Troy, MI.

Final Civil Action – Security National Mortgage Company Settled Allegations of Failing To Comply With HUD’s Federal Housing Administration Loan Requirements

The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General (OIG), assisted the U.S. Department of Justice, Washington, DC, and the U.S. Attorney’s Office for the District of New Jersey in a civil investigation of Security National Mortgage Company.  Security National is a Federal Housing Administration (FHA)-approved mortgage lender with its principal place of business located in Salt Lake City, UT.

Seneca Mortgage Servicing LLC, Elma, NY, Generally Complied With HUD’s Loss Mitigation Program Requirements for Servicing Its Portfolio of FHA-Insured Mortgages

We reviewed Seneca Mortgage’s servicing of Federal Housing Administration (FHA)-insured mortgages and its implementation of the U.S. Department of Housing and Urban Development’s (HUD) Loss Mitigation program.  We selected Seneca Mortgage based on the results of our single-family risk assessment.  The objective of the audit was to determine whether Seneca Mortgage complied with HUD’s Loss Mitigation program requirements and implemented an effective quality control program.

Ex-Easton lawyer admits to helping defraud homeowners facing foreclosure

(Source: ctpost.com) BRIDGEPORT—A month after his co-conspirator pleaded guilty, a lawyer formerly of Easton has switched his own plea and admitted to participating in a scheme that took advantage of distressed homeowners.

Bradford Barneys, 51, pleaded guilty Tuesday in a federal court in Hartford to one count of conspiracy to commit mail and wire a fraud, according to a statement from the office of Connecticut U.S. Attorney Deirdre Daly.

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