Economics > Shock: Someone Convicted of Mortgage Fraud
Lying about income on mortgage applications is so widespread you'd be forgiven for not realizing it's a federal crime:
A Gatlinburg man pleaded guilty today in federal court to mortgage fraud charges.
Edward E. Healy, 34, admitted making false statements about his income on a residential loan application to Mountain National Bank.
U.S. District Judge Thomas W. Phillips set sentencing for Oct. 23. Healy could receive a sentence of up to 30 years and a $1 million fine.
See also:
- Casey Serin, Failed Real Estate Mogul and Web Hustler
Posted by lesjones
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