Ronald McCord Pleads Guilty to Mortgage Fraud

The president of the Mortgage Bankers Association in the late 1990s, who was also the owner of Oklahoma City-based bank and lender First Mortgage Company, pled guilty to five charges of bank fraud, money laundering, and misrepresentations to a banking institution. Over the course of three years, a federal grand jury in Oklahoma’s Western District suspected Ronald McCord of cheating mortgage companies Spirit Bank and Citizens State Bank, Fannie Mae, and others. McCord admitted guilt on May 11 to “out of trust” peddling upwards of $14.1 million in Spirit and … Read more

How to Get The Best APR When Applying For a Loan

The APR, or annual percentage rate, refers to the rate of interest computed over the course of a year, as opposed to a monthly fee on a loan, line of credit, automobile loan, and so on. The creditor averages the figure over the entire duration of the loan, so you know exactly what you’ll have to start repaying each month from the start. Personal loans are required for a variety of reasons, including funding home renovation projects, purchasing a new vehicle, unexpected medical expenses, and anything else that the family cannot pay … Read more

Daniel Leonard Sherman Charged With Credit Card Fraud

ROSEBURG, OREGON – After investigating the usage of a stolen credit card, the Roseburg Law Enforcement detained a guy. Around 4:30 p.m., the victim reported unauthorized usage of his credit cards to the RPD. Daniel Leonard Sherman, 44, traveled to ten different shops across city and made two online transactions using stolen credit cards he obtained in a purse on Tuesday. All of these transactions took place between 9:08 a.m. and 12:35 p.m. on July 6. Sherman was identified as the culprit after being seen on video at a number … Read more

Mario King Accused of Mortgage Fraud in Texas

Mario King, the former mayor of Moss Point, is now facing mortgage fraud charges in Texas and has “engaged in activities that equates to obstruction of justice,” each of which might have a substantial influence on his sentencing in the federal fraud scheme in Gulfport. According to court records, King’s attorney, Calvin Taylor, highlighted the additional claims and requested a postponement of King’s sentencing, which was slated for Thursday. Natasha King, King’s wife, also requested a postponement of the sentencing. Prosecutors have not raised any objections to the hearing being … Read more