The scheme allegedly involved identity theft, forgery of foreign passports, impersonating homeowners and fabricating loan documents to fool lenders.
Other defendants continue to face charges, and are presumed innocent unless proven guilty.
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The Evolution of Digital Originations in Mortgage Lending
Exploring recent trends in digital originations for mortgage lenders, highlighting the role of fintech and AI in reshaping the lending process.
Estimated reading time: 0 minutes, 23 seconds
Seven Get Prison for $10M Mortgage Scam
A federal judge has sentenced six people from South Florida and one from New Jersey to prison for their part in a mortgage scam that drained about $10 million from South Florida homes, according to the Department of Justice.
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