Industry News

Man tricked borrowers into paying down his own home loan

Former loan originator faces prison time for mail fraud
Published on Aug 23, 2006

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by CareyBot

A former Lafayette, La., loan originator faces up to 20 years in prison and a $250,000 fine after pleading guilty to mail fraud. Jarvis Fontenette, 36, worked as a loan originator for Southern Mortgage Co., which brokered home loan applications ...