Sentences with phrase «brokering fraudulent loans»

CHICAGO — The U.S. Attorney's Office in Chicago has charged two suburban mortgage brokers with fraudulently operating a purportedly independent appraisal management company to control property valuations, and brokering fraudulent loans to finance real estate transactions between themselves and nominees.

Brokers Allegedly Controlled Property Appraisals in Scheme to Defraud Lenders 12/14/2017 11:07 AM EST CHICAGO — The U.S. Attorney's Office in Chicago has charged two suburban mortgage brokers with fraudulently operating a purportedly independent appraisal management company to control property valuations, and brokering fraudulent loans to finance real estate transactions...

Not exact matches

Negotiated, during and after a formal mediation, a favorable result for mortgage broker client on claims that loans were granted on fraudulent information.

Or you might find yourself on a blog such as www.mortgagefraud.org where a release from the Attorney General of Massachusetts was only one of the Top Ten indictments: «WOBURN, WORCESTER — Two bank employees, a mortgage broker, an assistant of the mortgage broker, and a Worcester man had 106 indictments returned against them late yesterday in connection with allegedly creating false or misleading bank documents that were then used to obtain fraudulent mortgage loans in the millions of dollars.»

If the government would come down really hard on the fraudsters who sold the faulty mortgage backed securities and the mortgage brokers who made the fraudulent loans and give the PEOPLE some really serious prison time — instead of just assessing fines on the companies — all the goverment regulations would not be necessary.