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Loan Modification

: Flipping Frenzy

Former U.S. Mortgage Servicing Manager Pleads Guilty to Wire Fraud Related to $136 Million Fraud Scheme

By Ralph Roberts

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NEWARK, NJ?An East Stroudsburg, Penn., man pleaded guilty today to a wire fraud charge in connection with the $136 million fraud scheme that bankrupted Pine Brook, N.J.-based U.S. Mortgage Corp. and its subsidiary, CU National Mortgage, LLC, U.S. Attorney Paul J. Fishman announced. Leroy Hayden, 47, the servicing manager of U.S. Mortgage from 2004 through Jan. [...]

Full post as published by Flipping Frenzy on May 15, 2010 (boomark / email).

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