Explore the evolving landscape of mortgage origination, influenced by shifting interest rates, housing market dynamics, and regulatory changes. Discover strategies for lenders to adapt and thrive in this dynamic environment.
Estimated reading time: 0 minutes, 28 seconds
A judge in Canada has sentenced a former mortgage broker to three years in prison for his role in a fraud and money laundering plot totaling $1 million. So reports the Calgary Herald.
Justice Scott Brooker ruled that Kalim Khan must serve another 18 months if he doesn’t pay a fine of $66,000 CAD (about $48,000 USD) within three years of receiving parole.
The sentence was longer than the two years sought by Khan’s defense lawyer but at the lower end of the three to four years requested by prosecutors.
