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Loan Modification

: Mortgage Lender Implode-o-Meter

41 Charged as Mortgage Fraud Hits Condos & Suburbs

By Implode-Explode Heavy Industries

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"Federal law enforcement officials recently announced charges have brought against 41 defendants in five separate cases in Chicago. The cases involve more than $48 million in fraudulently obtained mortgages for dilapidated homes in urban areas as well as deals involving million dollar condominiums in a Chicago high-rise and sprawling homes in affluent suburbs like Wheaton and Glenview. The vice president of a title company, mortgage brokers, loan officers, appraisers, real estate investors and an attorney are among the 37 defendants charged."

Full post as published by Mortgage Lender Implode-o-Meter on June 25, 2009 (boomark / email).

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