Mortgage Industry Adapts to Rising Interest Rates The U.S. mortgage industry is adapting to rising interest rates, transforming lending strategies, and borrower behaviors. This article explores the implications for lenders and borrowers, offering insights into new trends and strategies.

Estimated reading time: 0 minutes, 27 seconds

Ex-Mortgage Employees Get Prison for Fraud

Two former employees of a California mortgage and real estate company have received federal prison sentences for a mortgage scam going back 15 years. So reports the local Vacaville Reporter.

Federal prosecutors announced that a Sacramento U.S. District Court judge sentenced 43-year-old Ruben Rodriguez and 41-year-old Jaime Mayorga to two years in prison apiece for conspiring to commit wire fraud.

A jury convicted Rodriguez and Mayorga, who worked at now-defunct Delta Homes and Lending Inc. from 2004 to 2017, after a trial last year.

Read the full article from the Vacaville Reporter.

Read 2568 times
Rate this item
(0 votes)

FOLLOW US