Servicing The Ticker

Former Fannie Mae salesman indicted in California

A Fannie Mae salesman took kickbacks from a mortgage broker to give him foreclosed property to sell on behalf of the agency, a federal grand jury said in an indictment.

Armando Granillo, 44, of Huntington Beach, Calif., was charged Tuesday with three counts of honest services wire fraud for soliciting kickbacks while working as a sales associate for Fannie Mae, the U.S. Attorney's Office said.

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