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Indictment Alleges Servicer Diversion of Borrower Payments

Tags: mortgage

Robert Pena, 67, the president and founder of the now-defunct Mortgage company, Mortgage Security, Inc. (MSI), a Falmouth, Massachusetts mortgage company was indicted on conspiracy and wire fraud charges in connection with and alleged scheme to defraud the Government National Mortgage Association (Ginnie Mae) out of nearly $3 million. According to court documents, MSI was contracted […]



This post first appeared on Mortgage Fraud, please read the originial post: here

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Indictment Alleges Servicer Diversion of Borrower Payments

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