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

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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 ...