Illinois Federal Grand Jury Indicts Loan Officer
Loan officer James L. Boyle was indicted on 22 counts of mortgage fraud in an Illinois Federal Court on Tuesday. The charges include 10 counts of making false statements in the jurisdiction of a federal agency, 11 counts of making false statements to cause the Department of Housing and Urban Development ("HUD") to insure a loan and one count of interstate carrier fraud, according to a report by the Beloit Daily News, at BeloitDailyNews.com.
According to the indictment, Boyle used phony mutual fund and brokerage account statements, "Gift Affidavit" forms, pay stubs, employment verification forms on behalf of prospective borrowers to obtain HUD-insured loans from area mortgage lenders.
To read the article, see Roscoe man faces 22 counts of fraud.
Click here for 22 count indictment, U.S. vs. Boyle.
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According to the indictment, Boyle used phony mutual fund and brokerage account statements, "Gift Affidavit" forms, pay stubs, employment verification forms on behalf of prospective borrowers to obtain HUD-insured loans from area mortgage lenders.
To read the article, see Roscoe man faces 22 counts of fraud.
Click here for 22 count indictment, U.S. vs. Boyle.
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posted by Home Equity Theft Reporter at 6:03 AM
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