Industry News

Countrywide sues over Indiana mortgage fraud operation

One source says scheme involved up to 400 properties, $80M in loans
Published on Sep 29, 2006

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by CareyBot

An Indianapolis man allegedly tricked dozens of Virginia residents into buying homes in Indiana at inflated prices as part of an elaborate mortgage fraud scheme, Countrywide Financial Corp. claims in a lawsuit. The lawsuit against Robert Penn documents about 100 ...