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Loan Modification

: Mortgage Lender Implode-o-Meter

Seven charged in $100M fraud in Detroit

By Implode-Explode Heavy Industries

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"The group, which authorities allege was headed by Fenton resident Ronnie Edward Duke, is accused of arranging more than 500 fraudulent mortgage loans that involved more than 100 straw buyers and about 180 different residential properties in Detroit that were used as collateral for the loans, most of which went into default and were foreclosed on."

Full post as published by Mortgage Lender Implode-o-Meter on June 17, 2010 (boomark / email).

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