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Originator pleads guilty in $30m mortgage fraud scheme

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Mortgage Professional America | 29 Oct 2013, 06:00 AM Agree 0
The owner of a mortgage company at the center of a long-running $30m fraud scheme has pleaded guilty
  • Cheryl M | | 29 Oct 2013, 08:23 AM Agree 0
    Oh no big deal, right...? What happens when the DA's office in your area is involved with the mortgage co. owners conspiracy? Mortgage fraud...political corruption... and we wonder why gov't is trying to rid of the little guy?
  • FL BROKER | | 29 Oct 2013, 09:15 AM Agree 0
    Good. Lock them up and throw away the key. It;s the few crooks out there that have brought us to the point we're at today.
  • CAF | | 30 Oct 2013, 06:51 AM Agree 0
    The article did not state the time frame of the fraud. This could have been an investigation that has been going on for years. Before the MLO requirements, mandatory 4506T audit etc. It is not good for our industry if the editor allows people to think this kind of behavior is still possible.
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