The six-year scheme allegedly took place across Southern California and involved the theft of about $15 million.
The defendants are charged with 133 counts, among them conspiracy, mortgage fraud and grand theft.
This article discusses the implications of interest rate fluctuations on mortgage originators and suggests strategies for adapting, including diversifying loan pipelines and leveraging technology.
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The California Attorney General’s Office has unveiled indictments against 12 people for their roles in an alleged mortgage fraud and “green” loan scheme. So reports the Los Angeles Daily News.
The six-year scheme allegedly took place across Southern California and involved the theft of about $15 million.
The defendants are charged with 133 counts, among them conspiracy, mortgage fraud and grand theft.