Florida Woman Sentenced for Role in Reverse Mortgage Fraud Scheme A Miami title agent and former mortgage broker was sentenced today for her role in a reverse mortgage loan fraud scheme. Acting Assistant Attorney General Mythili Raman of the Justice Department’s Criminal Division, U.S. Attorney Wifredo A. Ferrer of the Southern District of Florida, and Special Agent in Charge Lester Fernandez of the U.S. Department of Housing and Urban Development, Office of Inspector General (HUD-OIG) made the announcement after sentencing by Senior Judge Richard W. Goldberg, sitting by designation in the Southern District of Florida. Yesenia Pouparina, aka “Yesenia Campos,” 42, was sentenced today to 46 months in prison, followed…

Financial Freedom Settles Alleged Liability for Servicing of Federally Insured Reverse Mortgage Loans for $89 Million Financial Freedom has agreed to a settlement with the United States of more than $89 million to resolve allegations that it violated the False Claims Act and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) in connection with its participation in a federally insured Home Equity Conversion Mortgages (HECM) or ‘reverse mortgage’ program, the Justice Department announced today. Financial Freedom is headquartered in Austin, Texas.   “The Department of Justice is committed to ensuring that those who participate in federal mortgage insurance programs comply with requirements essential to the success of…