Mass AG Files Suit Against Mortgage Broker For Allegedly Using Bogus Documentation

From the Massachusetts Attorney General's Office:

• Attorney General Martha Coakley’s Office filed a lawsuit against Lehi Mortgage Services, Inc. (“Lehi Mortgage”), a Quincy-based mortgage broker, alleging that Lehi Mortgage fraudulently procured mortgage loans by submitting to lenders asset and income information for loan applicants that was fabricated or inflated. The Attorney General’s Office is seeking injunctive relief to prohibit Lehi Mortgage from acting as a mortgage broker, civil penalties, and reimbursement of Commonwealth’s costs and attorney’s fees. This enforcement matter was referred to the Attorney General’s Office by the Massachusetts Division of Banks after an examination found brokering misconduct in numerous mortgage loans arranged by Lehi.

For more, see Massachusetts AG press release - Attorney General Martha Coakley Files Lawsuit Against Mortgage Broker For Fraudulently Arranging Loans.

In a related Mass AG press release on Lehi Mortgage, see Attorney General Martha Coakley Obtains Preliminary Injunction Against Quincy Mortgage Broker Accused Of Fraudulently Arranging Loans.