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.
Former Fannie Mae salesman indicted in California
Most Popular Articles
Latest Articles
Key housing markets are starting to buck national trends: Redfin
Some markets in Texas and Florida that have experienced outsized growth in demand are now showing signs of a pullback.
-
Median payment on purchase mortgage applications rises to $2,201: MBA
-
HUD, USDA reach accord on energy-efficiency standard for new construction
-
U.S. mortgage delinquency rates remain near historic lows: CoreLogic
-
HomeServices settles commission lawsuits for $250M
-
Kristen Sieffert leads the reverse mortgage presence at The Gathering