Federal agent pleads guilty to mortgage fraud

by Ryan Smith10 Dec 2013
A federal agent pleaded guilty Friday in connection to a mortgage fraud scheme.

Jeffrey Morriss, 48, a Kansas City, Mo., Immigration and Customs Enforcement agent, admitted to lying to an FBI agent about the scheme, according to a report in the Kansas City Star.

Prosecutors say that Morriss lied about his child support payments, debt and monthly income on loan applications. According to the St. Louis Post-Dispatch, Morriss submitted four fraudulent applications for loans on three houses between 2007 and 2012. Morriss obtained loans for $812,000, but didn’t make full payments on the loans, the Post-Dispatch reported. The homes were foreclosed upon.

When Morriss was questioned by an FBI agent about a 2011 application, he blamed a bank employee, claiming the employee mistyped the information, according to the Star.

If Morriss’ plea agreement is accepted, he would be sentenced to three years’ probation and made to pay $12,794 in restitution.


  • by Bruce | 12/10/2013 7:28:02 AM

    It's a wonder he didn't blame it on a broker instead of a bank employee - he probably would have gotten off.

  • by Mendota | 12/10/2013 9:27:08 AM

    Something doesn't make sense here. We all know that our clients have to fully verify income and have had to since 2007. In fact, to even use child support income we have to document receipt AND continuation for the next 3 years. How on Earth could he lie when it's all right there in front of the underwriter? If the underwriter doesn't have enough documentation they discount or eliminate it completely. This isn't the whole story, obviously.

  • by Larry | 12/10/2013 9:42:12 AM

    I agree completely with Mendota. The Divorce Decree is required and would provide verification.


Is TILA-RESPA a good or bad thing long term?