Friday, November 22, 2024

Mortgage Fraud News Update

U.S. Department of Justice

Offices of the United States Attorneys

 
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11/22/2024 07:00 AM EST

"The defendant defrauded taxpayer-funded mortgage loan holders out of millions of dollars and took advantage of programs designed to help distressed property owners in need," stated United States Attorney Peace.  "Short sale mortgage fraud not only harms lending intuitions, it also depresses real estate values throughout our neighborhoods and prevents community members from gaining fair access to housing.  Today's guilty verdict should serve as a reminder that my Office, together with our law enforcement partners, will continue to vigorously prosecute those who corruptly line their pockets at the expense of mortgage lenders and borrowers."
 

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