Scams and Fraud

7+ hour, 41+ min ago   (1033+ words) DSCR and investor loan lock volume skyrocketed 130% between January 2022 and August 2026, becoming the primary growth engine for the non-QM market. The loan's structure makes it uniquely vulnerable to bad actors, with fraud risk indicators now firing on 1 in 44 investment property…...

11+ hour, 10+ min ago   (623+ words) A Butler, MO, man has pleaded guilty to fraud charges. Craig Johnson, 45, pleaded guilty before U.S. District Judge Fernando J. Gaitan, Jr., to multiple federal charges. Court records say that Johnson was hired at Community First Bank in 2022 as a Vice President…...

3+ day, 7+ hour ago   (406+ words) A former bank vice president in west-central Missouri has pleaded guilty to multiple federal charges involving a scheme that defrauded individuals and a financial institution of millions of dollars. Craig Johnson, 45, of Butler, pleaded guilty to federal charges including wire…...

3+ day, 18+ hour ago   (913+ words) Wednesday, 9 September 2026 For years, payment innovation has been defined by one promise: move money faster. That promise has largely been delivered. Customers now expect payments to happen in seconds, at any hour, without thinking about what is happening behind the…...

1+ week, 3+ day ago   (492+ words) It all starts with targeted advertising on Facebook and Instagram. Scammers deliberately choose platforms with a high level of trust and flexible audience search tools. The ads hit the most vulnerable spots: offering loans to those who are usually rejected…...

1+ week, 4+ day ago   (391+ words) The software, known as ALVIN, uses agentic artificial intelligence to provide continuous loan verification across an entire portfolio. Double pledging occurs when the same loan or asset is used as collateral to secure funding from more than one lender. The…...

1+ week, 4+ day ago   (516+ words) The Manila Times Candor Technology Launches Candor DI to Identify and Correct Loan Data Discrepancies Before Underwriting Document intelligence engine now available standalone, via API, or embedded in Candor’s LES - indexing, classifying, and reconciling borrower documents across sources ALPHARETTA, Ga.,…...

2+ week, 1+ day ago   (133+ words) HARRISBURG, Pa. (WHP) — A man was sentenced to 21 months in prison for executing a scheme to defraud a financial institution in Harrisburg on Thursday. Jason Motter, 42, of Dallastown, Pennsylvania provided altered bank statements to secure a $773,409 loan. Motter applied for…...

2+ week, 3+ day ago   (220+ words) Scammers are becoming more sophisticated—and their tactics more convincing. This interactive "Scaminar" will explore some of the scam patterns we’re seeing today, highlight common red flags to watch for, and share practical steps you can take to help protect…...

2+ week, 3+ day ago   (292+ words) (Lafayette, LA) - Doing business in this day and age can be chaotic, as people are doing more work at a faster pace, and that's one reason the Better Business Bureau is warning businesses in Lafayette and New Iberia to be…...