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McGhee also took out a $414,000 mortgage. broker who ran the scheme. Fryar and McGee were also convicted of falsifying wage and employment information on the loan applications, which stated McGhee.
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Mortgage rates began the day moderately lower. As equities markets failed to mount any counterattack to recent losses, bond markets surged–including the mortgage-backed-securities (MBS) that dictate.
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Those named in the cases include housing developers, mortgage lenders and brokers, lawyers, real estate agents and appraisers, said Sharon Ormsby, section chief in charge of financial crimes for the.
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