Related:
Exec Incarcerated Over $44 Million in Fannie Losses
A Fannie Mae seller-servicer forgot to pass on $44 million in proceeds from refinanced loans. Today, the principal of that firm was sentenced to more than eight years in prison.
Pair Accused of Secondary Fraud
A pair of former executives of a New York-based mortgage banker have been charged with duping secondary market lenders on mortgage purchases exceeding $40 million.
Brooklyn Firm Diverted Mortgage Payments, Proceeds
California regulators have taken action against a New York mortgage banker after N.Y. regulators suspended the company’s license in that state for diverting loan payments and proceeds.
