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 ...

For Americans dreaming of owning a home, this decade has been brutal. From the end of 2019 to the end of 2022, the median sales price for homes sold in the U.S. soared 35%, according to the Federal ...

The same tech that’s advancing the mortgage industry is being used to create scams, drive fraud Mortgage scams have increased since 2022 from 14 incidents a month to 71, according to a study that ...

Long before it got involved with the dealmakers in mortgage fraud and had to write down tens of millions of dollars, Merchants Bank was a regional bank with a green frog logo, a five-story ...

Mortgage fraud occurs when someone omits or falsifies information in connection with the homebuying process. This can be due to predatory lenders trying to defraud borrowers or to borrowers falsifying ...

Lying on a loan application might seem like a quick solution to secure funds, but it carries serious financial and legal consequences. Penalties range from immediate loan denial or forced repayment to ...

A Virginia used car dealer has been sentenced to six years in federal prison after investigators determined he orchestrated a large-scale auto loan fraud scheme that targeted financial institutions ...

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 ...

A former Monee village clerk and her husband pleaded guilty Monday to loan fraud, a year after they were arrested on charges of defrauding the government through a COVID-19 relief program. The felony ...

Shares of several U.S. regional lenders fell sharply on Thursday after Zions Bancorporation and Western Alliance Bancorp disclosed losses tied to suspected loan fraud, unsettling investors already ...

The rapid rise of digital lending platforms in India has made access to instant loans easier than ever. However, this convenience has also opened the door to a dangerous surge in fake loan app scams.