Four Charged in $11 Million Loan Origination Scheme, Ramona Real Estate Agent and Seattle Businessman Enter Guilty Pleas

Four Charged in $11 Million Loan Origination Scheme, Ramona Real Estate Agent and Seattle Businessman Enter Guilty Pleas

July 13, 2012 – (RealEstateRama) — United States Attorney Laura E. Duffy and Federal Housing Finance Agency Inspector General Steve A. Linick announced that fugitive loan broker Mary Armstrong was arrested today in Las Vegas, Nevada. The indictment, which was returned on May 10, 2012, and unsealed today, charges Armstrong, an unlicenced mortgage loan broker, Ramona real estate agent Teresa Rose, and Armstrong’s assistant William Fountain with devising and executing a mortgage loan origination fraud and kickback scheme

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