Reverse Mortgage Ten charged in mortgage fraud scheme by Mortage

Fri, 14 Dec 2007 07:00:03 -0700

Reverse Mortgage Ten charged in mortgage fraud scheme

by Mortage @ Fri, 14 Dec 2007 07:00:03 -0700

Ten people from Bangladesh were charged Wednesday by federal prosecutors in a mortgage scheme that centered on that immigrant community in Queens officials said. The scheme as alleged in an arrest warrant unsealed in federal court in Brooklyn involved a Forest Hills mortgage company's use of so-called "straw buyers." At least 13 legitimate mortgage banking companies made loans according to the affidavit. It is relatively easier to apply for an online mortgage that it is for an offline mortgage. The Internet is a wonderful tool and one which you can take full advantage of when looking for the best deals in online mortgages.


Recent posts