In papers filed in court, Morgan admitted to no guilt or wrongdoing as part of the deal.
The court documents emerged after Morgan pleaded guilty to a single felony charge, likely sparing him prison time.
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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Robert “Bob” Morgan has agreed to surrender $16.3 million to settle prosecutors’ mortgage fraud charges against the Rochester, N.Y., developer. So reports The Buffalo News.
In papers filed in court, Morgan admitted to no guilt or wrongdoing as part of the deal.
The court documents emerged after Morgan pleaded guilty to a single felony charge, likely sparing him prison time.