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Real Estate & Property Law

: The Home Equity Theft Reporter

Ex-Brookyn Mortgage Company Exec Gets 97 Months For Pocketing $43M+ In Refinancing Proceeds, Leaving Fannie Mae Holding The Bag

By r morris

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From the U.S. Attorney's Office (Brooklyn, New York):[L]eib Pinter, a former executive of Olympia Mortgage Corp., was sentenced [last week] to 97 months in prison for orchestrating a scheme to defraud Fannie Mae in connection with mortgage loans which Fannie Mae owned but were refinanced through Olympia. Pinter was also ordered to pay more than $43 million in restitution to the victims of his

Full post as published by The Home Equity Theft Reporter on March 25, 2009 (boomark / email).

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