Federal prosecutors charged a slew of Florida residents and one Bostonian across two fraud cases, which each level charges of faking financial records or applications for mortgage loans and COVID-era ...

When auto loans suffer losses they are “dramatically higher” than losses in other types of consumer credit products, according to a recent analysis by the credit bureau TransUnion. The average auto ...

The Small Business Administration (SBA) announced Friday it had suspended more than 100,000 California borrowers amid suspected fraud, with the alleged abuse totaling nearly $9 billion. SBA ...

A federal judge in Illinois has sentenced a former loan originator to 18 months in prison for his role in a multimillion-dollar reverse mortgage and home repair fraud scheme. Gary Bohn, who previously ...

Western Alliance is one of the regional banks facing concerns over loans made to non-bank financial players. The bank's CEO said he believes the alleged loan fraud that sparked a selloff last week is ...

Thousands of pandemic-era loan borrowers in Minnesota have been suspended for suspected fraud, U.S. Small Business Administration's Kelly Loeffler announced Thursday night. Loeffler says 6,900 ...

Mortgage Magic is now embedding e-ID directly into the client onboarding journey. Clients can verify their identity remotely via a secure link on their smartphone, eliminating branch visits or posted ...

In today’s fast-paced lifestyle, it’s easy to lose track of financial commitments—especially when multiple loans, credit cards, and EMIs are involved. Many borrowers carefully repay major obligations ...