The co-owner of a Southern California mortgage brokerage and two associates have been charged with stealing nearly $1m from more than 70 homeowners by falsely guaranteeing them attractive loan refinances. The California attorney general’s office said Wednesday that ALG Capital President Sean McConville was arrested at his home in Austin, Texas.

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Former Fannie Mae employee gets 6 years in prison for making $1 million on shady foreclosure sales

A former Fannie Mae employee will spend more than the next six years in prison after being found guilty of accepting more than a million dollars in bribes and kickbacks in exchange for selling Fannie Mae-owned foreclosures for less than market value.

Jan 15, 2020 By
3d rendering of a row of luxury townhouses along a street

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