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
Have higher mortgage rates already reversed housing demand?
The strong economic data we’ve seen in the past several weeks underscore why the 10-year yield and mortgage rates rose last week.
-
How to get (or renew) your NMLS license in 2024
-
Anywhere’s Sherry Chris talks brand building, crisis management with the ‘Real Estate Insiders’
-
FHA commissioner, HUD counseling head on serving seniors with reverse mortgages
-
Shareholders sue eXp over alleged mishandling of sexual assault cases
-
Jobs report sends mortgage rates higher