Boston Mortgage Broker Indicted On 21 Counts Of Forgery, Use Of Bogus Docs To Obtain Mortgages

In Boston, Massachusetts, The Boston Globe reports:

• A Boston mortgage broker was charged yesterday with using forged bank statements and tax returns and other false documents to help unqualified home buyers secure subprime loans. Nicole Lyder, whose loan practices were the subject of a Boston Sunday Globe story in January, was arrested Tuesday at a Norwood hotel by local police after the hotel manager suspected she was using a stolen charge card.

• Norwood police arrested her on two felony charges, for identity theft for using someone else's credit card to reserve the hotel room and for possession of an illegal substance, said Paul Bishop, a police department spokesman. Yesterday, Norwood police transferred her to state custody to face the mortgage charges.

• She was indicted last week by a Suffolk County grand jury on 21 counts of forgery and using false documents to obtain loans for home buyers, in a case brought by Massachusetts Attorney General Martha Coakley's office.

For more, see Mortgage broker charged with using false documents (Woman jailed after being found in Norwood hotel).

For the January, 2008 Boston Globe story on Nicole Lyder, see Broker's clients detail web of dashed dreams (Irregularities cited in five mortgages).

See also, WCVB-TV Channel 5: Mortgage Broker Charged With Fraud (Lyder Pleads Not Guilty To Charges).