Industry News

Mortgage brokers plead guilty to bribery

Scheme involved backdating documents for more favorable loan terms
Published on Aug 9, 2005

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by CareyBot

A St. Louis mortgage agent and two mortgage brokers from California pleaded guilty to bribery charges relating to a bank scheme they participated in, federal officials said. Derek Fenton, 30, of Wentzville, Mo.; Richard Mehlinger, 44, of Los Angeles; and ...