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Montgomery county man pleads Guilty in Mortgage Fraud Conspiracy Submitted Fraudulent Applications to Obtain Loans Totaling Over $2.2 Million U.S. Attorney’s office june 12, 2012

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GREENBELT, Md. – A Takoma Park, Md., man pleaded guilty Wednesday to conspiring to commit wire fraud and aggravated identity theft arising from two separate residential mortgage fraud schemes. The guilty plea of Mokorya Cosmas Wambura, 45, follows a joint investigation conducted by the U.S.

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Rayford, 92, took advantage of a federally insured loan called a reverse mortgage that allows cash-strapped seniors. The District joined seven states, including Florida and California, that have. The federal Department of Housing and Urban Development (HUD) has not as of yet acted to expand the reverse mortgage program to co-ops, even after 16.

Mortgage amount is rounded to the nearest $1,000. A minimum 5% down payment is required for a purchase price of $500,000 or less. For a purchase price between $500,000 and $1 million, the minimum down payment is 5% on the first $500,000 and 10% on the balance. View current mortgage rates from multiple lenders at realtor.com.

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An indicted member of a disbanded Baltimore police unit allegedly duped a fellow officer into discovering a cache of heroin he planted in a car during a 2010 arrest, authorities alleged in a new.