Industry News

Woman arrested in second real estate fraud sting

Atlanta borrower rearrested in second stolen identity fraud

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An Atlanta woman who was previously arrested for allegedly using a stolen identity to obtain a refinance loan was arrested again last week in connection with an FBI sting involving a co-conspirator from her prior mortgage fraud case, officials said Monday. Lanamasha Weslanda Mixon-Hampton, 30, was previously arrested at the closing table Feb. 17, in an FBI sting where the stolen identity of a disabled retiree was used in an attempt to obtain a million-dollar refinance loan for the Atlanta property where Mixon-Hampton then resided. On March 14, Mixon-Hampton was released on bond and indicted for the mortgage fraud and aggravated identity theft, authorities said. The latest FBI sting also involved the interstate transportation of stolen travelers checks, fraudulent credit cards and false identifications. Atlanta has been a hotbed for mortgage fraud, according to FBI accounts. Residential real estate loan fraud is a national epidemic, costing communities nationwide an estimated $1 billion...