Industry News

DreamLife founder ordered to pay $6.7 million in restitution

Ex-mortgage broker previously sentenced to prison
Published on May 2, 2007

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by CareyBot

A former mortgage broker who was convicted of defrauding homeowners seeking cash-out refinance loans has been ordered to repay $6.7 million to his victims, the Modesto Bee reported. Tony J. Daniloo, the founder of Modesto, Calif.-based DreamLife Financial, was sentenced ...