Meet our incredible 2015 Women of Influence

Meet our incredible 2015 Women of Influence

Announcing 40 leaders driving the housing economy

CFPB to mortgage industry: Get out of MSAs

Industry calls move regulation by enforcement

This is why millennials need a new credit scoring system

Turns out they WANT credit, but just can't GET credit
W S
Lending / The Ticker

Former New Jersey mortgage broker charged with bank fraud

/ Print / Reprints /
| Share More
/ Text Size+

A former Bergen County mortgage broker and ex-director and chief executive officer of Edgewater-based Mariner’s Bank was freed on $200,000 bail Wednesday after being charged by federal authorities with defrauding Washington Mutual Bank to obtain a $1.5 million loan for a client.

James Cockinos, 58, who faces as much as 30 years in prison and a fine of as much as $1 million if convicted, is accused of conspiring with an Englewood Cliffs auto dealer in spring 2007 to acquire the loan to buy a home for $1.9 million in the dealer’s wife’s name through fraudulent means.

Source: The Record
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus