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 Evolving Landscape of Mortgage Origination: Key Trends Shaping the Industry
Explore the transforming landscape of mortgage origination, highlighting trends such as digital mortgages, data analytics, and regulatory compliance.
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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