Industry News

N.J. mortgage fraud ring exploited HELOCs, BLOCs

At least 16 banks tricked into providing $20 million in credit
Published on Jan 25, 2008

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Four mortgage brokers including the president of a New Jersey-based company, American Macro Growth, are accused of helping clients fraudulently obtain more than $20 million in home equity and business lines of credit from at least 16 banks. Mortgage fraud ...

Comments