A former loan officer for an unnamed mortgage lender has pleaded guilty to a federal charge of conspiracy to commit bank fraud, according to U.S. Attorney Craig Carpenito. So reports The Monmouth Journal.

A former Florida mortgage broker has received a 15-month prison sentence after pleading guilty in a mortgage fraud scheme that cost banks more than $5 million. So reports the Tampa Bay Times.

During a recent training session on recruiting originators, I described our current mortgage environment as the “best of times and the worst of times.”