Industry News

FBI nabs pair at mortgage closing table

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A Michigan woman and her niece were arrested in Atlanta by the FBI at the closing of a $1 million mortgage loan in an alleged mortgage fraud scheme, federal officials said last week. Donna June Baker, 60, of Kalamazoo, Mich., allegedly used the stolen identity of a disabled retiree from Florida at a Feb. 17 closing on a million-dollar mortgage loan to refinance a property at 940 Glengate Place in Atlanta, according to officials. The closing, however, was a sting operation set up by the federal government. Baker planned to walk away from the closing with nearly $100,000 in cash, but instead left in FBI handcuffs, according to officials. Also arrested at the closing table was the former owner of the property, Baker's niece, Lanamasha Wesalanda Mixon-Hampton, 30, of Atlanta, officials said. Mixon-Hampton is alleged to have provided false employment and income to "qualify" the borrower for this loan. "The sting operation which resulted in this arrest is an example of one of the tools now...