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amor power

Mortgage Fraud - Blogger - 0 views

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    Mortgage fraud is crime in which the intent is to materially misrepresent or omit information on a mortgage loan application to obtain a loan or to obtain a larger loan than would have been obtained had the lender or borrower known the truth. In United States federal courts, mortgage fraud is prosecuted as wire fraud, bank fraud, mail fraud and money laundering, with penalties of up to thirty years imprisonment.As the incidence of mortgage fraud has risen over the past few years, states have also begun to enact their own penalties for mortgage fraud. Mortgage fraud is not to be confused with predatory mortgage lending, which occurs when a consumer is misled or deceived by agents of the lender. However, predatory lending practices often co-exist with mortgage fraud. Types Occupancy fraud: This occurs where the borrower wishes to obtain a mortgage to acquire an investment property, but states on the loan application that the borrower will occupy the property as the primary residence or as a second home. If undetected, the borrower typically obtains a lower interest rate than was warranted. Because lenders typically charge a higher interest rate for non-owner-occupied properties, which historically have higher delinquency rates, the lender receives insufficient return on capital and is over-exposed to loss relative to what was expected in the transaction. In addition, lenders allow larger loans on owner-occupied homes compared to loans for investment properties. When occupancy fraud occurs, it is likely that taxes on gains are not paid, resulting in additional fraud. It is considered fraud because the borrower has materially misprepresented the risk to the lender to obtain more favorable loan terms. Income fraud: This occurs when a borrower overstates his/her income to qualify for a mortgage or for a larger loan amount. This was most often seen with so-called "stated income" mortgage loans (popularly referred to as "liar loans"), where the borrower, or a l
mich branch

Mortgage Fraud - 0 views

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    Mortgage fraud is crime in which the intent is to materially misrepresent or omit information on a mortgage loan application to obtain a loan or to obtain a larger loan than would have been obtained had the lender or borrower known the truth. In United States federal courts, mortgage fraud is prosecuted as wire fraud, bank fraud, mail fraud and money laundering, with penalties of up to thirty years imprisonment.As the incidence of mortgage fraud has risen over the past few years, states have also begun to enact their own penalties for mortgage fraud. Mortgage fraud is not to be confused with predatory mortgage lending, which occurs when a consumer is misled or deceived by agents of the lender. However, predatory lending practices often co-exist with mortgage fraud. Types Occupancy fraud: This occurs where the borrower wishes to obtain a mortgage to acquire an investment property, but states on the loan application that the borrower will occupy the property as the primary residence or as a second home. If undetected, the borrower typically obtains a lower interest rate than was warranted. Because lenders typically charge a higher interest rate for non-owner-occupied properties, which historically have higher delinquency rates, the lender receives insufficient return on capital and is over-exposed to loss relative to what was expected in the transaction. In addition, lenders allow larger loans on owner-occupied homes compared to loans for investment properties. When occupancy fraud occurs, it is likely that taxes on gains are not paid, resulting in additional fraud. It is considered fraud because the borrower has materially misprepresented the risk to the lender to obtain more favorable loan terms. Income fraud: This occurs when a borrower overstates his/her income to qualify for a mortgage or for a larger loan amount. This was most often seen with so-called "stated income" mortgage loans (popularly referred to as "liar loans"), where the borrower, or a l
rein finland

Knowledge Center - 0 views

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    KNOWLEDGE CENTER OVERVIEW PUBLICATIONS Research and insight on topics affecting your industry, Spring's solution and opinions addressing those challenges. Learn more. CASE STUDIES Case examples of our work illustrate the value created, problem solving and innovative solutions implemented to meet and satisfy the needs of our clients. Learn more. PRESENTATIONS Presentations our experts have given over the past year at industry leading conferences and events. Learn more. SURVEYS Industry leading research that identifies trends and opportunities led by our Spring's consultants. Learn more. NEWSLETTERS The latest information on key topics affecting the industry with a focus on employee benefits, risk financing and wealth strategies. Learn more. WEBCASTS An insight to our expert knowledge on specific topics. Learn more.
melissa rocks

Mortgage Fraud - DropJack - 0 views

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    owers may conceal obligations, such as mortgage loans on other properties or newly acquired credit card debt, to reduce the amount of monthly debt declared on the loan application. This omission of liabilities artificially lowers the debt-to-income ratio, which is a key underwriting criterion used to determine eligibility for most mortgage loans. It is considered fraud because it allows the borrower to qualify for a loan which otherwise would not have been granted, or to qualify for a bigger loan than what would have been granted had the borrower's true debt been disclosed. Fraud for profit: A complex scheme involving multiple parties, including mortgage lending professionals, in a financially motivated attempt to defraud the lender of large sums of money. Fraud for profit schemes frequently include a straw borrower whose credit report is used, a dishonest appraiser who intentionally and significantly overstates the value of the subject property, a dishonest settlement agent who might prepare two sets of HUD settlement statements or makes disbursements from loan proceeds which are not disclosed on the settlement statement, and a property owner, all in a coordinated attempt to obtain an inappropriately large loan. The parties involved share the ill-gotten gains and the mortgage eventually goes into default. In other cases, naive "investors" are lured into the scheme with the organizer's promise that the home will be repaired, repairs and/or renovations will be made, tenants will located, rents will be collected, mortgage payments made and profits will be split upon sale of the property, all without the active participation of the straw buyer. Once the loan is closed, the organizer disappears, no repairs are made nor renters found, and the "investor" is liable for paying the mortgage on a property that is not worth what is owed, leaving the "investor" financially ruined. If undetected, a bank may lend hundreds of thousands of dollars against a property that is act
rein finland

Knowledge Center - 0 views

  http://reinfinland.blogspot.com/2012/05/knowledge-center.html PUBLICATIONS   If you would like to receive a complimentary copy of a publication, please contact us. Funding Employee Bene...

investment scam group of South Korea Springhill Group: Journals Knowledge Center

started by rein finland on 23 May 12 no follow-up yet
rein finland

South Korea Springhill Group - News Center - Springhill Group Home Loan Blog - 0 views

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    South Korea Group of Springhill | edublogs.org May 22, '12 12:35 AM by SpringHill for everyone http://tonybricks96.edublogs.org/ http://tonybricks96.edublogs.org/2012/05/21/scrap-n-test-china-tells-n-korea/ China has been quietly and gently pressuring North Korea to scrap plans for a third nuclear test, said two sources with knowledge of closed-door discussions between the countries, but there is no indication how Pyongyang will react. If North Korea goes ahead with the test, China would consider taking some retaliatory steps, but they would not be substantive, a source with ties to Pyongyang and Beijing said. North Korea has almost completed preparations for the test, Reuters had reported in late April, a step that would further isolate the impoverished state after last month's failed rocket launch that the United States says was a ballistic missile test. "China is unhappy … and urged North Korea not to conduct a nuclear test near Changbai Mountain," said the source, who declined to be identified. China feared a radiation leak and damage to the environment from a blast, the source added. "China also complained about the environmental damage to the area after the first two tests." When North Korea conducted nuclear tests in 2006 and 2009, it caused environmental damage to the mountain straddling the border with China. North Korea ceded part of the mountain to China in 1963. It was unclear if the secretive North Korean government, typically unwilling to bow to outside pressure, would defer or drop the plans. China is the closest thing to an ally that North Korea has. "The impact on China's northeast would be huge," the source said of a third test. Chinese officials have discussed whether threats of diplomatic action would be effective, but any action might be restricted to some economic measures to signal China's displeasure and would not affect vital food aid for North Korea, the source said. A Western diplomat, who also asked n
melissa rocks

Scrap N-test, China tells N Korea - 0 views

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    Beijing fears radiation leak along border, say Chinese insiders China has been quietly and gently pressuring North Korea to scrap plans for a third nuclear test, said two sources with knowledge of closed-door discussions between the countries, but there is no indication how Pyongyang will react.  If North Korea goes ahead with the test, China would consider taking some retaliatory steps, but they would not be substantive, a source with ties to Pyongyang and Beijing said. North Korea has almost completed preparations for the test, Reuters had reported in late April, a step that would further isolate the impoverished state after last month's failed rocket launch that the United States says was a ballistic missile test. "China is unhappy ... and urged North Korea not to conduct a nuclear test near Changbai Mountain," said the source, who declined to be identified. China feared a radiation leak and damage to the environment from a blast, the source added. "China also complained about the environmental damage to the area after the first two tests." When North Korea conducted nuclear tests in 2006 and 2009, it caused environmental damage to the mountain straddling the border with China. North Korea ceded part of the mountain to China in 1963. It was unclear if the secretive North Korean government, typically unwilling to bow to outside pressure, would defer or drop the plans. China is the closest thing to an ally that North Korea has. "The impact on China's northeast would be huge," the source said of a third test. Chinese officials have discussed whether threats of diplomatic action would be effective, but any action might be restricted to some economic measures to signal China's displeasure and would not affect vital food aid for North Korea, the source said. A Western diplomat, who also asked not to be identified, confirmed that China has put pressure on North Korea to abandon the test. Major diplomatic repercussions were unlikely, however, s
Isabella Amber

Top 10 Fraud Schemes - News Center - Springhill Group Home Loans - 0 views

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    "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 three states that have the most per capita rate of fraud reported are Colorado, Delaware and Maryland as first, second and third, respectively.   Generally, FTC discovered that people are either more willing to file complaints or they simply have more complaints now. The total amount of complaints they have received has increased by over 20% - from 1.5 million to 1.8 million in 2011 - that includes both identity theft and fraud complaints.   The following is the complete list of FTC's top 10 consumer complaints for the year 2011:   1. Identity theft 2. Debt collection 3. Lotteries, sweepstakes, prizes 4. Catalog sales, shop-at-home, 5. Lenders and Banks 6. Internet services 7. Auto-re
rein finland

South korea group of springhill:Procurement: China And The Dual Use Scam - 0 views

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    April 26, 2012: The United States is openly accusing China of supplying North Korea's missile program with components and technology. This may have something to do with intense effort to recover components of the failed North Korean rocket launch on April 13th. The debris of the rocket fell into shallow water off the west coast of South Korea. Russian, Chinese, and American ships, and perhaps submarines, also joined the search. South Korea called off its search on the 17th but the U.S. appeared to be continuing. The water where the debris fell is no deeper than 100 meters (310 feet), making it easy to search for and recover parts of the rocket. If some of those recovered components can be identified as Chinese there could be problems. China has agreed to abide by embargos on North Korea, but Chinese firms are notorious for ignoring their government and just selling to whoever will buy. Ignoring this behavior is not official Chinese policy but accepting bribes to look the other way is a long accepted Chinese practice. If the U.S. or South Korea recover Chinese rocket components from the ocean floor China will simply deny any knowledge of Chinese firms selling rocket components to North Korea, or claim that the rocket components were dual use (which could be technically true). China may even agree to prosecute errant firms but these prosecutions are mainly for show. That approach has worked for years and it will take some hard-ball, behind-the-scenes diplomacy to force the Chinese government to act. That sometimes works but usually not for long.
hannah brooklyn

News Center - Springhill Group Home: Top 10 Fraud Schemes - 0 views

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    Source : http://newscenter.springhillgrouphome.com/ http://springhillgrouphome.multiply.com/journal/item/59/Springhill_Group_Home_Top_10_Fraud_Schemes 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 three states that have the most per capita rate of fraud reported are Colorado, Delaware and Maryland as first, second and third, respectively. Generally, FTC discovered that people are either more willing to file complaints or they simply have more complaints now. The total amount of complaints they have received has increased by over 20% -- from 1.5 million to 1.8 million in 2011 -- that includes both identity theft and fraud compl
jacob campbell

Springhill Group Home: Top 10 Fraud Schemes-Care2 - 1 views

http://www.care2.com/news/member/129170948/3510195 For the twelfth successive year, identity theft topped the consumer complaint database of the Federal Trade Commission with the largest number of ...

springhill group

started by jacob campbell on 07 Jan 13 no follow-up yet
Emilia Bell

The Hottest Speaker in Australia - 1 views

started by Emilia Bell on 08 Nov 12 no follow-up yet
amber sanpedro

Knowledge - Springhill - YouTube - 0 views

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    Source : http://www.youtube.com/watch?v=WizBGDJHXaE Uploaded by SpringhillGroup Springhill Financial is an independent, open-architecture advisory practice. Compensation is accepted only from our clients. Our fee arrangements are fair and competitive, the arrangements compensate us fairly for the value we add and motivate us to act solely in our client's best interests.
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    Springhill Financial is an independent, open-architecture advisory practice. Compensation is accepted only from our clients. Our fee arrangements are fair and competitive, the arrangements compensate us fairly for the value we add and motivate us to act solely in our client's best interests.
amber sanpedro

Ken's Dream come's to life. / Springhill Care Group / your care, your way. - 0 views

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    Ken Nolan's dream is complete.  The £5 million transformation at the Springhill Care Home has added the very latest in specialist care facilities in the UK, making it a home from- home for its residents and its staff. The revolution has seen Springhill change from traditional care home to a new bright, modern care centre. Ken, chairman of the Springhill Care Group, conceived a vision 28 years ago when he started offering care facilities after leaving the NHS. His vision was to offer exceptional standards for people needing care and support. Since then, the group has grown to offer the very latest facilities and personalised care, with centres added in Bristol and Skelmersdale and a separate service offering specialist supported living for younger adults with disabilities, all combining to create a special experience for all who pass through its doors. To read the full article published in the recent Live Ribble Valley publication, please click on the pdf document on the right.  
Bethany Rawlins

Springhill Group Home: Top 10 Fraud Schemes | News Center - Springhill Group Home Loans - 1 views

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    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
Bethany Rawlins

South Korea Group of Springhill » Blog Archive » Scrap N-test, China tells N ... - 0 views

  • Scrap N-test, China tells N Korea
  • China has been quietly and gently pressuring North Korea to scrap plans for a third nuclear test, said two sources with knowledge of closed-door discussions between the countries, but there is no indication how Pyongyang will react. If North Korea goes ahead with the test, China would consider taking some retaliatory steps, but they would not be substantive, a source with ties to Pyongyang and Beijing said. North Korea has almost completed preparations for the test, Reuters had reported in late April, a step that would further isolate the impoverished state after last month’s failed rocket launch that the United States says was a ballistic missile test. “China is unhappy … and urged North Korea not to conduct a nuclear test near Changbai Mountain,” said the source, who declined to be identified. China feared a radiation leak and damage to the environment from a blast, the source added. “China also complained about the environmental damage to the area after the first two tests.” When North Korea conducted nuclear tests in 2006 and 2009, it caused environmental damage to the mountain straddling the border with China. North Korea ceded part of the mountain to China in 1963. It was unclear if the secretive North Korean government, typically unwilling to bow to outside pressure, would defer or drop the plans. China is the closest thing to an ally that North Korea has. “The impact on China’s northeast would be huge,” the source said of a third test. Chinese officials have discussed whether threats of diplomatic action would be effective, but any action might be restricted to some economic measures to signal China’s displeasure and would not affect vital food aid for North Korea, the source said.
hannah brooklyn

springhill group counselling | Tumblr - 0 views

  • SOUTH GROUP SPRINGHILL KOREA - Asia dominates the $4.4 billion ultrapure water market on Environmental Expert Asian purchases will account for 63 percent of the purchases of ultrapure water products in 2012. This is the latest forecast in Ultrapure Water World Markets published by the McIlvaine Company. (www.mcilvainecompany.com)
  • SOUTH GROUP SPRINGHILL KOREA - Dimplex's DuoHeat radiators could lower energy bills | Easier The DuoHeat radiators are revolutionary energy-efficient electric radiators. The slim, modern radiator ensures plenty of heat is available throughout the day whilst keeping costs down by using two automatically controlled heat sources. One source of heat comes from off-peak energy, which is retained at the heart of the heater and emitted throughout the day. The other source of heat, a low-wattage radiant element at the front of the radiator, is used only when necessary to retain your chosen room temperature.
  • carissaraman.com | Springhill Group: Medicare Dupery Bill Re-brought In (1888PressRelease) Uncovering medicare scams latest news articles for general public to use. U.S. Rep. Ileana Ros-Lehtinen, R-Miami, has reintroduced legislation that would double the amount of fines and incarceration for people in prison for Medicare fraud/scam. It also creates a new criminal offense punishable with a 10 year minimum sentence for those who intentionally sell or distribute the ID numbers of Medicare beneficiaries. According to the Springhill Group, the legislation also bars those who have been part of Medicare dupery in the past from billing Medicare if they switch companies.
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  • Springhill Group - Begin with the Basics: Creating a Solid Investment Policy Spring Hill FL http://springhillgroup.livejournal.com/19220.html Most builders understand that laying a strong foundation is the key to constructing a good home. Do the job right and the structure will be stable. Do it wrong and it could collapse in Spring Hill.
  • Springhill Group Counselling | Tumblr http://www.tumblr.com/tagged/springhill-group-counselling New Zeus Malware Scam Promises Rebates, Security CSO — A new Zeus P2P malware variant discovered last week by security vendor Trusteer is attempting to scam users of some of the Internet’s most popular and trusted brands — Facebook, Google Mail, Hotmail and Yahoo — with promises of rebates and new security measures.
  • New Zeus Malware Scam Promises Rebates, Security CSO — A new Zeus P2P malware variant discovered last week by security vendor Trusteer is attempting to scam users of some of the Internet’s most popular and trusted brands — Facebook, Google Mail, Hotmail and Yahoo — with promises of rebates and new security measures. Slideshow: The Future of Malware
  • Apple’s Calls for Repatriation Tax Holiday Gain No Traction with White House – In The News - Springhill Group Counselling   With some two-thirds of its cash hoard housed overseas, Apple would like a tax holiday to allow it to move that money back to the U.S., but its pleas have fallen on deaf ears at the White House.   With $64 billion in cash remaining offshore, Apple executives said during a conference call on Monday that they have no plans to bring that money back to the U.S. because of taxes.
  • New Zeus Malware Scam Promises Rebates, Security CSO — A new Zeus P2P malware variant discovered last week by security vendor Trusteer is attempting to scam users of some of the Internet’s most popular and trusted brands — Facebook, Google Mail, Hotmail and Yahoo — with promises of rebates and new security measures.
  • SOUTH GROUP SPRINGHILL KOREA: China, Korea linked to pill scam | Bangkok Post: news | Dropjack SOUTH GROUP SPRINGHILL KOREA: China, Korea linked to pill scam | Bangkok Post: news Posted by honeybunny 7 hours ago (http://www.bangkokpost.com) Thailand is seeking help from China and South Korea to support its efforts to crack down on the smuggling of pseudoephedrine-based cold pills. 
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    Springhill Care Group :: Care2 Groups | SPRINGHILL GROUP http://www.care2.com/c2c/group/springhillcare Springhill Group Care - Providing for all levels of care, balanced with impressive facilities and exceptional staff. …golden age living and health care at its very best… At Springhill Care Group, our attitude is to exceed the expectations of our residents and their friends, that offer balanced with impressive facilities and exceptional staff. At Springhill Care Group, we firmly believe in safeguarding the interests of our clients and we pride ourselves on offering the most resident friendly environment. Springhill Group: Denish's Sharebook LIVING AND CARE OPTIONS http://www.valueinvestingnews.com/news-center-%E2%80%93-springhill-group-home-loans-america%E2%80%99s-choice-h America's Choice Home Loans announced the opening of Branch 1013, located in Newberg, Oregon. Managed by Jerry Holman, a long time veteran of the mortgage industry, the branch opened on October 20. "Please give Jerry a warm welcome and let him know he is a part of our family," says Jonathan Fowler, Director of National Production for the company. "Jerry, thank you very much for choosing America's Choice Home Loans. We appreciate you and your office and are here to make your lending career bigger and brighter than ever. You will find out why we are America's Choice Home Loans - Thank you very much and welcome." Being an expert in home loan and mortgage, Jerry will continue to concentrate on helping customers with their residential home loan needs. America's Choice Home Loan is continuously searching for experienced mortgage loan originators to join the company. Contrary to many in the industry who have been discouraged, scaled back or closed down completely, Mr. Fowler is unfazed. "America's Choice has the ability to expand, including the capacity for rapid growth. We have been positioning ourselves for this, and we're read
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