Explore the evolving landscape of mortgage origination, influenced by shifting interest rates, housing market dynamics, and regulatory changes. Discover strategies for lenders to adapt and thrive in this dynamic environment.
Estimated reading time: 0 minutes, 25 seconds
The former CEO of a Honolulu-based defense contractor has pleaded not guilty to a federal charge that he submitted a fraudulent mortgage application for his Hawaii home. So reports Honolulu Civil Beat.
Martin Kao, who used to lead Navatek, now known as PacMar, stands accused of digitally adding zeros to brokerage documents to boost his reported wealth.
Kao, formerly a leading businessman and campaign donor, pleaded guilty last year to Paycheck Protection Program fraud charges.
