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Loan Modification

: Flipping Frenzy

Loan Officer Redirects $4 Million in Broker Fees to Himself

By Ralph Roberts

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A United States District Court Judge sentenced a 52-year-old Andover man Friday (Feb. 5) to 37 months in prison for his role in orchestrating a residential real estate loan scam. Eric Krahnke, a loan officer at Associated Bank, bypassed normal loan-approval channels to get 21 real estate loans totaling more than $4 million between March 2003 [...]

Full post as published by Flipping Frenzy on February 06, 2010 (boomark / email).

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