Broker Sued for $6 Million in Fraud - Mortgage Forums for Mortgage Brokers

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		Mortgage Forums for Mortgage Brokers > Mortgage Business > Mortgage News
Broker Sued for $6 Million in Fraud

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02-16-2008, 01:45 AM

Veronica Corningstone Veronica Corningstone is offline

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Broker Sued for $6 Million in Fraud

1st Mariner Bank filed the lawsuit against East West Mortgage Company Inc. 1st Mariner, a wholesale lender, alleges employees and agents of East West allegedly provided it with fraudulent loan applications. Nearly $6 million in loans went into default soon after closings as a result of the mortgage fraud, according to the complaint.

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