Essex County, N.J. prosecutors said that the scam was countywide and included racketeering, theft, tampering with records and money laundering.
Four of the defendants allegedly defrauded mortgage lenders out of more than $1.8 million.
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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, 24 seconds
Ten Indicted for Mortgage Scam Against Program for Homeless
Prosecutors have indicted 10 people on charges involving a mortgage fraud scheme that allegedly abused a New York City program that prepaid landlords one year of rent to relocate families from homeless shelters. So reports Essex News Daily.
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