The Home Equity Theft Reporter: Mortgage Broker, Attorney, Loan Officer Sentenced In South Florida Scam Resulting In $37+M In Fraudulently Obtained Mortgages

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Mortgage fraud is a financial crime involved with falsifying loan documents, or otherwise trying to illegally profit from the mortgage loan process. An air loan is a fraud scheme in which a mortgage broker invents both a property and a borrower in order to earn false profits.

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Loan officers can also be mortgage brokers if they also process and broker loans. loan officers are sometimes called mortgage consultants, mortgage loan To search across thousands of loan officers, mortgage brokers, mortgage banks, savings and loan companies, and credit unions, you.

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A Jersey City mortgage broker has been sentenced to eight years in state prison after admitting to conspiring to steal over The straw purchasers in turn sold the homes at much higher prices to other purchasers – who were the borrowers for the fraudulently obtained loans, according to court records.

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Reverse Mortgage Loans. Are you a senior over 62 years of age? You may be eligible to convert part of your home equity into cash from loan proceeds. Instead of making monthly principal and interest payments to a lender, a reverse mortgage loan allows you to receive payments from the lender.

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