(Reuters) – Four years after the banking system nearly collapsed from reckless mortgage lending, federal prosecutors have stayed on the sidelines, even as judges around the country are pointing fingers at possible wrongdoing.

via  Reuters.

JP Morgan Chase is currently “investigating” how a homeowner was declared dead by their bank. Florida homeowner Wrenella Pierre has filed a lawsuit against Chase Bank, alleging that her credit has been destroyed her credit after the bank declared her deceased.

via  agentgenius .

NEW YORK CNNMoney — Just as the housing market began to collapse near the end of 2007, a real estate agent in Bridgeport, Conn. asked Regions Bank if it would accept a $102,375 bid on a home that was underwater on its mortgage.

via CNN MONEY

A judge ruled Friday that there is enough evidence for a former San Diego police officer and his wife to stand trial on felony charges in connection with the trashing of their foreclosed French Valley home.

via PE.com

Con artists send letters telling borrowers they should begin sending their mortgage payments to a fictitious company that has begun servicing their loans. By the time borrowers find out they’ve been had, they’re out one or possibly two payments.

via latimes.com.

The same mad ordinances supposedly conceived to keep sex offenders away from children had funneled nine of them into a trailer park teeming with children. Of course, these were poor children, many of them undocumented, who didn’t matter so much.

via MiamiHerald.com.

Three months after Charlie and Shauna Zahari bought their first home, the FBI called to say the four-bedroom, Mediterranean-style house was stolen property.

via My Stolen Home

Can the Internal Revenue Service handle tax credit programs that pump out billions of dollars to homeowners and buyers? A new federal investigation on home energy tax credits suggests the answer may be: Not quite yet.

via bubbleinfo.com.

According to the CoreLogic study, 65% of short sales that are resold within six months for profits of 40% or higher are “suspicious” — with a significant possibility the lender accepted a low payoff. Most of these transactions go undetected by the banks being defrauded, but some lead to prosecutions and convictions.

via latimes.com.

California Atty. Gen. Kamala Harris, saying that years of unscrupulous lending still haunts the state, is creating a 25-person task force to target mortgage fraud of any size — from small operations that preyed on troubled borrowers to corporations that sold risky loans as safe investments.

via latimes.com.