Dennis Wayne Parris, Senior Vice President of Phoenix Housing Group (PHG), has been indicted in the Western District of North Carolina and charged with conspiracy to commit mortgage fraud.
Archives For Loan App. Misreps
Erin Davis, 44, Yonkers, New York, former sales manager for the now defunct Buy-A-Home real estate brokerage business, was sentenced in Manhattan, New York, federal court to 24 months in prison for participating in a multi-million dollar mortgage fraud scheme.
Jacqueline Besser, 60, San Francisco, California, pleaded guilty to making false statements in a loan application.
Safieh Fard, 52, Escondido, Calif., was sentenced to 63 months in prison by U.S. District Judge Cormac J. Carney. Fard was also ordered to pay $594,000 in restitution to the Internal Revenue Service (IRS) for unpaid individual income taxes.
Chantal M. Lanton, 37, Orlando, Florida, pled guilty to two counts of making false statements to a bank in connection with her application for a residential loan and mortgage.
Robert Coyle, Sr., 68, Glassboro, New Jersey, was sentenced to 72 months in prison for a loan fraud scheme that attempted to swindle more than $10 million from three banks. He pleaded guilty to two counts of loan fraud on October 1, 2012.
Stanley A. Walton, 54, Las Vegas, Nevada, an attorney, has pleaded guilty to a charge brought against him in February 2011 that he participated in a scheme to obtain mortgage loans from financial institutions using straw buyers and false loan applications.
Alexander Ende, 35, Boynton Beach, Florida, pleaded guilty to conspiracy to commit bank fraud and mail fraud, and wire fraud affecting a financial institution. Ende faces a maximum penalty of 30 years in federal prison for his involvement in this mortgage fraud conspiracy.
Fred Haywood, 42, Chicago, Illinois, a former loan officer, was sentenced to more than 12½ years in federal prison for engaging in a mortgage fraud scheme involving 65 real estate transactions with properties located mostly in economically-depressed neighborhoods, which netted him personally more than $700,000.
Timothy E. Shannahan pled guilty to conspiring to commit mortgage fraud by acting as a straw buyer in a $5 million mortgage fraud scheme.