Stephen Sharkey of New Jersey pleaded guilty in September 2020 to engaging in two fraudulent mortgage-closing schemes.
Sharkey was also sentenced to three years of supervised release and ordered to pay $296,000 restitution.
This article discusses the implications of interest rate fluctuations on mortgage originators and suggests strategies for adapting, including diversifying loan pipelines and leveraging technology.
Estimated reading time: 0 minutes, 23 seconds
A man associated with the Philadelphia mob has been sentenced to four years and one month in prison for his part in a scam that included stealing would-be homebuyers’ down payments, according to federal authorities. So reports the Philly Voice.
Stephen Sharkey of New Jersey pleaded guilty in September 2020 to engaging in two fraudulent mortgage-closing schemes.
Sharkey was also sentenced to three years of supervised release and ordered to pay $296,000 restitution.