Long Island mortgage executives charged with warehouse line fraud

The former owner of a southern california mortgage banking firm has admitted that he duped his warehouse lender. Back in 2007, National City Bank provided warehouse lines of credit to mortgage lenders through an operation that was located in Louisville, Kentucky. The financial institution was a.

charging Edward E. Bohm, Edward J. Sypher, Jr., and Matthew T. Voss, senior executives at long island mortgage lender Vanguard Funding, LLC (Vanguard), with conspiracy to commit wire and bank fraud in connection with their obtaining more than $8.9 million of warehouse loans for Vanguard to fund mortgages.

Three men were among three financial executives at a Long Island-based mortgage lender who were arrested for an alleged scheme to fraudulently obtain nearly $9 million in loans, federal.

New York federal prosecutors on Tuesday accused three executives of Long Island mortgage lender Vanguard Funding LLC of lying to banks in order to obtain nearly $9 million in short-term loans.

Earlier today, at the federal courthouse in Central Islip, Edward Sypher, Jr., formerly the Chief Financial Officer of Long Island mortgage lender Vanguard Funding, LLC (Vanguard), was sentenced.

Two ex-financial executives at a Long Island-based mortgage lender have admitted to hatching a scheme to fraudulently obtain nearly $9 million in loans, federal authorities said. Matthew Voss, 42.

Long island mortgage banker and Five Others Indicted in $30 Million Bank Fraud Conspiracy Press Releases , Local News , Crime By Long Island News & PR Published: May 07 2014

A complaint was unsealed today in federal court in Central Islip, New York, charging Edward E. Bohm, Edward J. Sypher, Jr., and Matthew T. Voss, senior executives at Long Island mortgage lender Vanguard Funding, LLC (Vanguard), with conspiracy to commit wire and bank fraud in connection with their obtaining more than $8.9 million of warehouse loans for Vanguard to fund mortgages.

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New York federal prosecutors on Tuesday accused three executives of Long Island mortgage lender Vanguard Funding LLC of lying to banks in order to obtain nearly $9 million in short-term loans.

Slower price growth helps homebuyers, hurts underwater mortgages Underwater mortgages make it difficult for property owners to sell their homes. Now if you’re underwater on your mortgage but are managing to keep up with your payments and don’t have any.

Warehouse lending is a line of credit given to a loan originator to pay for a mortgage the borrower used to purchase property . The life of the loan generally extends from its origination to the.

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police & fire Top Executives At Long Island Mortgage Lender Charged In $8.9 Million Fraud: U.S. Attorney The trio used the money to pay for personal expenses and to repay other fraudulently.

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