Lockhart Mortgage Lenders
Former dallas cowboys linebacker eugene Lockhart Jr. has. role in a $20 million mortgage fraud case. The dallas morning news reports that Lockhart was involved in a case that involved 10 people who.
That’s a very signficant difference and it will allow millions of homeowners to refinance their mortgages who currently cannot. The 125 percent loan-to-value ratio hasn’t been finalized, but Lockhart.
According to a Dallas Morning News report from 2012, Lockhart and at least 10 other people were convicted in the mortgage fraud scheme, which saw the group recruit straw buyers who falsified their.
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Lockhart and co-defendant William Randolph Tisdale. the funding of approximately $20.5 million in fraudulent loans. The actual loss to lenders is nearly $3 million. Mortgage fraud is a major focus.
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DALLAS – Former Dallas Cowboys linebacker Eugene Lockhart Jr. has been sentenced to 4½ years in federal prison for his role in a mortgage fraud scheme to swindle millions of dollars from home lenders.
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Lockhart also oversaw a troubling period at Fannie Mae and Freddie Mac as they marched into riskier lines of business, including subprime loans and other risky mortgages, that turned out to be their.
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“In layman’s terms, the refinance initiative is akin to a loan modification for charter purposes as it affects loans for which an Enterprise already holds the credit risk,” he wrote. On Thursday,
Lockhart also said OFHEO will discuss reducing capital requirements. many legislators have been advocating an expanded role for Fannie and Freddie in buying mortgages. They argue that freeing the.