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Loan Modification

: Mortgage Lender Implode-o-Meter

Feds to mortgage broker: We want your giant bag of money

By Implode-Explode Heavy Industries

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"Portmann was the loan officer on 5,253 loans, amounting to nearly $1 billion in lent money and about 46 percent of the home loans issued by the bank, the federal prosecutor told the court. Federal investigators contend about half of those loans were obtained through fraud."

Full post as published by Mortgage Lender Implode-o-Meter on August 03, 2010 (boomark / email).

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