Frank Blake pleaded guilty in the US District Court For The District Of New Hampshire to charges that he committed mortgage fraud, according to media reports. Specifically, Blake plead guilty to knowingly making a material false statement in a loan application to obtain a HUD loan from a lender. His wife was separately indicted and continues to face trial.
As previously reported by Mortgage Fraud Blog, Frank and Maureen Blake were charged with conspiracy to commit wire fraud in Richardson, Texas; Calabases, California; and Salem, New Hampshire.
According to the Indictments, the defendants provided false material information to various lenders concerning the actual sale price of property, their monthly income and/or their intention to reside at the properties. Frank Blake was charged with regards to 2 Foundry Street, Nashua, New Hampshire, 22 Mason Street, Hampton, New Hampshire and 11 Shawnee Drive, Nashua, New Hampshire.
Maureen Blake is charged with regards to 58 Gould Pond Road, Henniker, New Hampshire and both Frank and Maureen were charged with regards to 10 Lake Avenue, Derry, New Hampshire.