Former Managing Director and Two Former Loan Officers Plead Guilty for Roles in Widespread Bank-Fraud Scheme

The former managing director of residential lending and two former loan officers of a financial institution headquartered in Southfield, Michigan, pleaded guilty to participating in a years-long scheme to originate fraudulent residential-mortgage loans through the bank’s low-documentation Advantage Loan Program.

More from: May 20, 2021

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