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, 24 seconds
A used car dealer has been sentenced to 25 months in prison for running an auto loan scam while he was on supervised release for a prior mortgage fraud conviction. So reports Patch.com.
George Hajati, owner of a Connecticut car dealership, pleaded guilty last December to one count of wire fraud, according to authorities.
Hajati was previously convicted on federal conspiracy and fraud charges involving a Hartford-area mortgage scam that cost lenders more than $1 million.
