It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

Ex-American Home Mortgage manager going to prison

page: 1
0

log in

join
share:

posted on Aug, 30 2007 @ 12:06 PM
link   

Ex-American Home Mortgage manager going to prison


www.newsday.com

In the American Home case, Partow, 41, of Chugiak, helped a client refinance his home in 2006. Even though the client provided accurate information about his income, Partow listed the income as $20,000 per month - "an amount that significantly overstated [the client's] true income," according to Partow's plea agreement.

(visit the link for the full news article)




posted on Aug, 30 2007 @ 12:06 PM
link   
In the mortgage industry we have stated loans. these loans STATE how much the borrower makes, but the borrower doesn't have to show any proof of that. Most loans are stated because the client typically does not make enough money to qualify for the loan. I specifically remember a loan in my old company where we stated a House Cleaner made $8,000 a month. In reality she only made about $24,000 a year. I was personally not involved in that loan if any government agency is reading this!!

www.newsday.com
(visit the link for the full news article)



new topics
 
0

log in

join