Industry News

Two plead guilty in home loan scheme

Mortgage Capital Resource bilked lenders out of $9 million
Published on Aug 3, 2006

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by CareyBot

An Orange County, Calif., man who allegedly bilked lenders out of $9 million has pleaded guilty to federal wire fraud and money laundering charges, prosecutors said. Kenneth Christopher Ketner, 57, and his company, Mortgage Capital Resource Corp., obtained lines of ...