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Loan Modification

: Mortgage Lender Implode-o-Meter

Six Charged With Wire Fraud Based on $20 Million Mortgage Fraud Scheme

By Implode-Explode Heavy Industries

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"A 10-count indictment has been unsealed charging six individuals with conspiracy to commit wire fraud and wire fraud, announced U.S. Attorney Karen P. Hewitt. The defendants are charged with submitting false and fraudulent mortgage loan applications and related documents to banks and other lending institutions, thereby inducing the institutions to make approximately 36 loans totaling approximately $20,800,000."

Full post as published by Mortgage Lender Implode-o-Meter on May 20, 2010 (boomark / email).

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