Cash Back at Closing? Anatomy of a Mortgage Fraud
planning to manipulate the lender system to their advantage. The buyers allegedly always knew what was going on, but they conspired with Lehn to hide the information from the lender.
Federal officials say their investigation goes far beyond this one case in this one state, and promise more investigations and arrests. Ms. Lehn's own story and confession, as published in Minnesota Realtor magazine, is at http://www.mnrealtor.com/publications/pdfs/TipsRuinYourLife.pdf or google "jill lehn" for more info. Bit of a wake up call to anyone testing the frontiers of the lender system to see what they can get away with.
Federal officials say their investigation goes far beyond this one case in this one state, and promise more investigations and arrests. Ms. Lehn's own story and confession, as published in Minnesota Realtor magazine, is at http://www.mnrealtor.com/publications/pdfs/TipsRuinYourLife.pdf or google "jill lehn" for more info. Bit of a wake up call to anyone testing the frontiers of the lender system to see what they can get away with.

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This story is a real wake up call. I didn't know mortgage brokers could get into so much trouble.