Massachusetts mortgage company founder jailed for defrauding Ginnie Mae out of $2.5 million

Massachusetts mortgage company founder jailed for defrauding Ginnie Mae out of $2.5 million

 · Massachusetts Mortgage Company Founder Jailed for Defrauding Ginnie Mae out of $2.5 million target ends fight for Lower Property Taxes in Upstate New York . LOGISTICS . big warehouse owners plan to go Public

The Illinois Attorney General filed suit against a Chicago-area company recently, accusing the company of perpetrating a mortgage rescue and consumer fraud scheme that preyed on struggling Latino.

For example, last July, fannie mae sold 4,537 loans with an aggregate unpaid principal balance of $746,438,433 to LSF9 Mortgage Holdings, a fund controlled Lone Star Funds. Earlier in 2016, LSF9.

The founder and president of a defunct Massachusetts mortgage company will spend nearly three years in prison after admitting to defrauding Ginnie Mae out of approximately $2.5 million. Robert Pena pleaded guilty in 2017 to one count of conspiracy and six counts of wire fraud. Pena was the founder and president of Mortgage Security Inc., a shuttered mortgage.

. has played a pivotal role in the mortgage industry recovery, thus our objective is to broaden its impact by enabling lenders regardless of size access to these key Fannie Mae benefits,” John.

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 · AEI labels Johnson-Crapo the ObamaCare of GSE reform’ Massachusetts mortgage company founder jailed for defrauding ginnie mae out of $2.5 million FHA eases new rule on collections accounts FHA Mortgage Guidelines On Collection Accounts have different requirements for non-medical collections, medical collections, and charge off collection accounts However, many.

Former Wells Fargo CEO John Stumpf and other Wells Fargo executives could still face criminal charges over how much the bank’s management knew about the more than 2 million fake accounts. or civil.

Mortgage Company President Pleads Guilty to Defrauding Ginnie Mae Rachel Dollar – October 16, 2017 – Leave a comment Robert Pena , 68, Falmouth, Massachusetts, pled guilty in federal court in Boston in connection with defrauding the Government National Mortgage Association (Ginnie Mae) out of approximately $2.5 million.

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FALMOUTH, MA – The president and founder of a now-defunct mortgage company in Falmouth was sentenced to prison Tuesday for defrauding the government out of $2.5 million, according to the U.S.

Massachusetts mortgage company founder jailed for defrauding Ginnie Mae out of $2.5 million Posted by: Linked To Author in News 10 days ago 0 3 Views The founder and president of a defunct Massachusetts mortgage company will spend nearly three years in prison after admitting to defrauding Ginnie Mae out of approximately $ 2.5 million.

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