One of two defendants who have already pleaded guilty to defrauding Countrywide Home Loans on a $760,000 mortgage claims that because the loan was securitized, Countrywide didn’t face any losses. The strategy is intended to avoid a prison sentence. If the federal judge in the case agrees, the process of prosecuting mortgage fraud defendants — [...]
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Mortgage Fraud Defendant Claims Lender Lost Nothing on Securitized Loan
February 20th, 2012 
davidguide 
Posted in Business Loans 
Tags: countrywide home loans, defendant claims, federal judge, mortgage fraud, prison sentence 
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