An unlicensed mortgage broker faces up to 30 years in prison after pleading guilty to a fraud scheme in which $4.74 million in mortgage refinancing proceeds were allegedly wired to accounts controlled by the perpetrators.
Source: Inman News
Unlicensed mortgage broker siphoned off $4.74M in refi proceeds
Published in Brent Kaufman, fbi, Mortgage, mortgage fraud, News Brief and Regulations
More from fbiMore posts in fbi »
- Letitia James mortgage fraud case thrown out, but can be refiled
- ‘He didn’t even say he was sorry’: Brooklyn investor gets prison time for 12-year deed fraud scheme
- Feds bust real estate execs in $25.9M scheme against homeless
- First American CEO accused of choking barefoot cruise passenger
- With fraud ever-prominent, Closinglock secures $34M Series B
More from MortgageMore posts in Mortgage »
- Bayview merger positions Guild Mortgage for refinancing boom
- Rep. Eric Swalwell sues Pulte, FHFA, Fannie Mae and Freddie Mac
- Homebuyers came out in force last week, and rates are trending down
- Fannie and Freddie cleared to back loans of up to $832,750 in 2026
- Realtor who tipped Pulte to Schiff loans now a witness [EXCLUSIVE]
More from mortgage fraudMore posts in mortgage fraud »
- Rep. Eric Swalwell sues Pulte, FHFA, Fannie Mae and Freddie Mac
- Realtor who tipped Pulte to Schiff loans now a witness [EXCLUSIVE]
- Letitia James mortgage fraud case thrown out, but can be refiled
- ‘I’d love to fire his ass,’ Trump says of Fed Chair Jerome Powell
- Pulte’s role in mortgage fraud indictment under scrutiny
More from News BriefMore posts in News Brief »
More from RegulationsMore posts in Regulations »
- Rep. Eric Swalwell sues Pulte, FHFA, Fannie Mae and Freddie Mac
- Letitia James mortgage fraud case thrown out, but can be refiled
- Pulte’s role in mortgage fraud indictment under scrutiny
- Don’t merge Fannie and Freddie, says their biggest investor
- Fallout over Fed policymakers’ investments reshaping the board
Be First to Comment