RHONJ Tea: Amber & Jim Marchese Accused of Shady Business Practices

Posted on Jun 10 2014 - 2:46pm by Avigail

 

amber-and-jim-marchese-old-site

According to Wetpaint, one of the new cast members of “The Real Housewives of New Jersey,”  Amber Marchese’s husband may be in trouble with the government. 

Jim Marchese is the owner of a mortgage company called Mortgage. According to the company’s website the business specializes in FHA lending:

“Mortgage Now is one of the nation’s leading expert on FHA lending.  We are committed to providing the fastest service in processing and closing your FHA loan application.  Call today and see how we can close your loan request in 5-Days!”

Mortgage Now Inc..clipular

On the RHONJ 30-minute preview, Amber mentioned, she is the face of Mortgage Now and is prominently featured on the company’s website and all marketing materials.

Now here’s the tea….

Mortgage Now underwent an audit which revealed some things were not entirely on the up and up. The audits findings revealed discrepancies with the company’s records and paperwork. The issues relate to a previous audit that discovered the company was not complying with all of the regulations from the Department of Housing and Urban Development (HUD); leading some to question the company’s integrity practices.

The following are some highlights of the audit that stood out to me:

1) The business was not accurately documenting some loans which led to an increased risk for the Department of Housing and Urban Development.

2) Various HUD guidelines for quality control were not performed

3) Borrowers’ income were not properly analyzed or supported with recurring debts to an analysis 

Wowzers! Corruption and shady business seem to be a prerequisite for RHONJ casting! And nothing like a shady business scandal to promote the new season, which premieres on July 13th.

[MUST READ] RHONJ Exclusive: Was Jim Marchese The Whistleblower or The Ring Leader of The Fraud?

It’s not clear if Amber and Jim’s issues will be featured on the upcoming season.

Watch Mortgage Now commercial:

 

Amber and Jim have not commented about their business issues and despite the scathing report, Mortgage Now is still currently operating. Stay tuned for developments on this case.

 

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  • Babson_Chick

    Guess that’s the way they do business in Jerseyland = shady deals. Bravo can sure pick the winners.

    • Marsbars09

      Yes they can!
      Hi Babs!

      • Hey there Marsie!!!!

      • Babson_Chick

        Hi there Mars!! How are you doing???

        • Marsbars09

          I’m struggling to stay awake at work. Only a few more hours to go.

          • Babson_Chick

            I remember those days fondly (well maybe not so much)

          • Marsbars09

            You don’t work anymore?

          • Babson_Chick

            Nope – am lady of leisure and traveler.

          • RonnieIsBack

            jealous of Youz…

          • Babson_Chick

            Your day will come!!

          • Aww shucks!….I want to be like you when I grow up!

          • Babson_Chick

            Hope you do!! Am very lucky – did my time 34 + yrs. working for local government – before that 10 yrs. a HW, kids are grown, have 7 grands with another one due any time. Now I’m free to roam the country and beyond. (yes I’m getting older but have never felt better) Cheers!!

          • ^^^^My she-ro!!! Bless you, Babs!

          • Babson_Chick

            Thanks so much!! Have a really really Big Birthday coming up and am happy to make it – have lost so many friends and relatives.

          • Marsbars09

            I envy you! What a life!

          • Coffee!!!!!

          • Marsbars09

            Already had it; didn’t help. :/

    • Something in the water, Babs! I’m wondering is anybody on the up and up???? No offense to Jersey residents but DAMN!!!!!!

      • Babson_Chick

        Hi Doc!! Gotta be the water. lol. (that’s why i added the last part about bravo-they all can’t be like what we see)

        • Bravo picks the worst representations of that state. I feel second hand embarrassment for the honest hard working folks.

          • Babson_Chick

            I feel for them too & every time I meet someone from Jersey I ask them all kinds of questions…

      • Marsbars09

        LOL! I know what you’re talking about, Doc. Bravo is really perpetuating stereotypes on their network.

        • LOL—True…how many countdown clocks will have to be created…..good grief!

          • Marsbars09

            LOL!

  • Happywife

    Thank you for posting this story. Everybody loves to place all the negative press on Tre and Joe. Now the focus can shift to the others.

    • This does not surprise me coming from you. Sigh!!!!!!!!!!

      • Marsbars09

        Doc, you know what happy’s point of view is.

    • Babson_Chick

      negative press for all felons is not going to change, cause they deserve it

    • Marsbars09

      Hi happy! How are this fine afternoon?

    • RonnieIsBack

      welp in less than 27 days it will be back on the Gudicies..so wear ya cup. LOL

    • Vince Foster, Jr.

      Every felon gets the same treatment here except Amber & her hubby are not felons. Scum maybe, but not felons.

      • Hey Vince—True! They have not been convicted of anything. Shady perhaps but NOT felons!!

  • WestCoastFeed

    Isn’t fraud too strong a word to use in this instance? No one has brought any charges against then in the courts. This was an audit that reveal sloppy practices, but no indication of criminality here,

    • Yeah…….but I do wonder if their actions (the sloppy business practices) were done to push unqualified applicants through the HUD system so they could profit. Like Countrywide Mortgage did in the mortgage fallout of 2008.

      • WestCoastFeed

        What was the date of the audit? Have they been indicted for anything?

        • Hi West. The audit was done last year. I do see your point and it’s valid. The title states they are “accused” of fraud not by whom. The word can be defined as double dealing, sharp practice and deceit not automatically criminality.

  • WestCoastFeed

    It does appear that Amber is going to be the villain for the coming season. However this effort to taint her husband’s image may backfire, especially if he turns out to really have cooperated with the prosecution in the case against Juicy and Tre. Since WetPaint primarily posts Pre-Teresa stories, I have my doubts about this story.

    • Ahhh…. really? You think WP would do that? So far I like Amber and this story made me kind of sad especially since she’s a Cancer survivor. She seems to have a happy and healthy family unit. Refresh your screen.

      • WestCoastFeed

        Yes, I think they would deliberately choose a loaded word like fraud. especially since that’s what the Juicys did.

      • MorningYawn

        Well now I feel bad knowing she is a cancer survivor… I haven’t watched the NJ preview nor have I read much about the new girls (we don’t care…). Now I will take down my snarky post above…

        • The preview is really good! The new gals are briiiiiiiiing it. I’ll miss Jax and Caro but these new chicks are off the hook!

    • you got mail.

  • Norrth

    Someone at Bravo needs to be fired. ;(

    • LOL—These are the type of people Bravo loves to hire….ones with checkered past……there’s a line in the Bravo contract that states “if you ain’t corrupt….you ain’t correct” j/k

      • WestCoastFeed

        Jim’s past shows him to have been a whistle-blower in a huge government case against a pharmaceutical company.

        • Uh huh….sure!

          • WestCoastFeed

            He got a 1.6 million settlement as his whistle blowing fee.

          • uh huh…..ok *sarcastic smile*

          • WestCoastFeed

            Doc, are you claiming that this NY Times story is wrong?

            http://www.nytimes.com/2007/12/21/business/21whistle.html

          • Now WCF….you know me better than that. I made no such claim. Why do you think “I” think they’re frauds? *sarcastic smile*

            EDIT *raised eyebrow* LOL!

      • Veronica

        So funny but true.

        • Hey Veronica!!!!!! Another Twitter friend converted! So happy you could join us, sweet lady!

  • RonnieIsBack

    Wow just shady..The title should be changed to Shady Penitentary the Dark Ages….these phuckers have no shame…and FHA loans, just wrong….that is for those of us who can only afford 3%..stealing and manipulating their loans…

    • Exactly!!!! There is no GOOD reason that Jim can give me for sloppy paper work. I was born at night but not last night!

    • MorningYawn

      And WTH, Bravo, for not vetting these criminals better… have they not learned?? I hope all of their sneaky doings come out as a result of a federal investigation… would serve them right for being sneaky AND for letting these low lifes (lives?) on tv

  • WestCoastFeed

    And today ROL is reporting that Teresa is unhappy with Juicy because he is spending his nights out with the boys instead at home with his family.

    • Isn’t that status quo in their home? Nothing new there to report. LOL!

      • WestCoastFeed

        Last Thursday when Tre was at the sports bar promoting Fabellini, someone tweeted spotting either Juicy or his twin in Lake George.

        • That’s kind of surprising because the troll usually escorts the trollette to her bar appearances…he’s the muscle.

          • WestCoastFeed

            Tre had her make up artist this time.

          • Ah, the make-up artist was on hand to ensure the wax figure didn’t melt. Makes sense.

    • Vince Foster, Jr.

      And Teresa stays home? She is always out at least one day a week hawking Pissollini to Dining Out restaurants that discount their food. She also goes out with her friends at night. Joe supposed to show up last week at Sports but he was a no show..

      • WestCoastFeed

        He was sighted in Lake George.

        • Where is that compared to where they live?

          • WestCoastFeed

            That’s where Bravo sent them for that first therapy session last season. I think Caroline said it was a 4 hour drive to get her there.

          • Really…..what on earth could he being doing there–that’s odd!

          • WestCoastFeed

            Well, the tweeter did say that it could be a look alike.

          • Oh ok, I thought it was confirmed.

          • ✿❀❁ Tigerlily ✿❀❁

            Hi’ya Doc. Lake George is in Upstate NY, Warren County, I believe. Long ride from NJ.

          • Hey honey! THANKS for letting me know. Hope you had a good day.

          • ✿❀❁ Tigerlily ✿❀❁

            No problemo. You too. Hope you had a good one as well!

  • MorningYawn

    Girl is photoshopped in that last pic and on the pic on the cover looks like a candidate for Casper Smart… (feeling a little cheeky today… don’t usually comment on looks)

    • LOL– Snark away…all these reality stars are fair game. They put themselves out there to be scrutinized.

      • MorningYawn

        IS it bad to leave up now that I know she is a cancer survivor?

        • Nah…you weren’t harsh. Not for nothing…. she’s an attractive woman. I know you meant no harm

          • MorningYawn

            ok, because I thought I was funny …

          • you’re fine!

  • WestCoastFeed

    Tre has another Fabellini promotion this Thursday. I think at another sports bar kind of place. Let’s see if Juicy escorts her to this one.

  • WestCoastFeed

    This is Tre’s most recent glamor poster:

    pic.twitter.com/boiJhGli0I

    I call this one her Mitzi Gaynor pose.

    • Marsbars09

      This photo looks very weird. It looks as if Tre’s head is photoshopped onto her body.

      • WestCoastFeed

        Especially since the photographer shaved about 20 pounds of fat off her nether regions.

    • Forehead and nose, Photoshop.

      • Raine Woman

        Doc, I do believe you are correct. Forehead photoshop – now that’s a first. LMAO

    • Tre’s Twits aren’t Angelic

      To me, it’s an odd picture. It almost looks as if her head is “floating”. I don’t know…I guess the photographer thought it was a good look and body positioning. To me it looks so out of balance.

      • WestCoastFeed

        The head looks much too big for the body and seems somehow to be out of place.

      • That’s because it is out of balance. Everything is Photoshopped.

    • twifan2

      WoW! Can you say ‘Photoshop’!

  • Marsbars09

    I’m sorry, but Amber is not covergirl material to be the “face” of her husband’s business.

    • WestCoastFeed

      I don’t know about that, Mars. She is what used to be called “pretty/plain.” Attractive, but not sexy. Just the sort of face that a serious company wants.

      • Marsbars09

        Beauty is in the eye of the beholder, WCF. I’ll just leave it at that. 🙂

    • Hey Marsie….you’re funny but at least she has a forehead!

  • realitygur4eva

    The RHONJ is really starting to make New Jersey and it’s good people look really bad! They need to be doing background checks on all cast members! This us getting ridiculous!!! Shady ass people!

    • PREACH!!!! AMEN!!!!!

    • Tre’s Twits aren’t Angelic

      I so completely agree with YOU.

    • liz

      They do and that’s why they cast them. ; )

  • Tre’s Twits aren’t Angelic

    Say, if these two are being described as “shady”, well then they fit it right nicely!

    • WestCoastFeed

      Who knows, TTaA, maybe Bravo was looking for a couple that could overshadow Tre and Juicy.

    • Ahahaha! Perfect for the RHONJ crew.

      Hey GF….Hope you’re well.

  • Vince Foster, Jr.
    • Ah Hell NO…..Westfield, New Jersey is far too classy to carry that swill.

      • Vince Foster, Jr.

        He is such a effin shill groupie

        • He gives me the heebie jeebies *shudders*

    • WestCoastFeed

      I thought Leotard Man lives in New York.

      • Vince Foster, Jr.

        He does, that’s why he is a shill.

  • WestCoastFeed

    Wendy Feldman, Tre’s crisis PR managers is claiming that ROL’s latest story is not true and that Teresa and Juicy are now stronger than ever. Wendy gave an exclusive to ATRH

    • twifan2

      They may be ‘stronger than ever’, but Juicy isn’t by Tre’s side.

      • WestCoastFeed

        Hi, twi. Maybe they are going to the gym every day and have better muscle tone. But she did also say that they are closer than ever, too.

        • twifan2

          H Hi WCF! 🙂
          From the Trelusional mind set of Tre.
          All is winky dinky in Trelandia. ;D

          • WestCoastFeed

            Hi, twi. Have you hear from NAWS? Is she okay?

          • twifan2

            Nothing, WCF. 🙁
            Starting to get worried. Calling again later today.

          • WestCoastFeed

            thanks. let us know, please

          • twifan2

            Will keep you all know as soon as I get hold of her!

  • LoLo

    If you have any shadiness or skeletons in your closet, why in the hell would you go on tv?

  • ~D

    From ’05 to ’11 I reviewed Mortgage apps. Back then it was very clear that mortgage companies were in business to steel money from Americans through gov bailouts. Every app would have huge missing gaps especially the asset and debt sections and whole pages missing. Basically pushed through to make money. Corruption from lenders played a huge role in the economy crashing. If Jim Marchese really did what all lenders did shame shame shame! Karma is a biting bitch!

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