Navigating the New Terrain of Mortgage Originations

    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, 27 seconds

Nine Plead Guilty in $6M SoCal Mortgage Relief Scam

Nine people have entered guilty pleas in a Southern California mortgage relief scam that resulted in a loss of about $6 million, California’s attorney general has announced.

california flag 331755 640small 150x150The lead defendant in the case has already been sentenced to seven years and four months in state prison. Four others have also been sentenced, with the remaining four to be sentenced later.

“It is a terrible crime to prey on individuals and families who are feeling vulnerable and distressed as they face losing their homes,” Attorney General Rob Bonta said in a statement.

Read 2870 times
Rate this item
(0 votes)

FOLLOW US