The Ventura County District Attorney’s office has struck pay dirt in its long-running investigation into mortgage fraud.
Eight people were arrested this morning on suspicion of carrying out a mortgage fraud scheme of filing bogus loan applications that generated hefty fees and commissions for the suspects while causing $11 million in losses for lenders when the homes went into foreclosure. The Ventura County District Attorney’s office began the investigation into Oxnard-based New Read More →
In creating a mortgage fraud strike force, Attorney General Kamala Harris has taken a big, if belated, step forward in writing the last chapter of California’s housing meltdown. As we have chronicled in these pages during the past two years, the boom and bust in housing in our region and across the Golden State did Read More →