Alabama Escrow Agent, Loan Originator Get Jail Time In Straw Buyer Mortgage Scam

In Mobile, Alabama, The Press-Register reports:

• Federal judges in Mobile last week handed down prison sentences to a Mobile County pair who helped pull off a mortgage scheme that investigators said defrauded lenders of more than $1 million. U.S. District Judge William Steele on Thursday sentenced Joycelyn Easter, 50, to two years in prison and ordered her to repay more than $467,000. On Tuesday, Chief U.S. District Judge Ginny Granade sentenced Antonio Devon Harrison to a year and nine months. The ringleader of the plot, Darlene Hill, is scheduled to be sentenced later this month.

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• Tracy Williamson, who works as a closing agent for Title Assurance Co., where Easter also worked, said her former colleague's actions have threatened the company's insurance. Easter was responsible for disbursing loans provided by Regions Mortgage. [... Harrison] admitted to processing loan applications and submitting them for approval at various financial institutions despite knowing that they were bad deals.

For more, see Pair sentenced in mortgage fraud.

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