Loan Processor Pleads Guilty To Preparing False Loan Docs

admin —  March 10, 2009 — 1 Comment

Babette Jammer, 47, Houston, Texas, pleaded guilty to mail and wire fraud conspiracy charges.

At a hearing before United States District Judge Nancy F. Atlas, Jammer admitted to conspiring with others to defraud residential mortgage lenders by misstating facts relevant to the lending decisions. As previously reported by Mortgage Fraud Blog, Jammer assisted loan officers at two Houston area mortgage broker firms, Motown Mortgage Group and Central Capital Financial Group, in preparing fraudulent documents used to induce mortgage lenders to provide 100% financing for homes the borrower’s falsely claimed were to be their primary residences. Jammer created false Internal Revenue Service documents, including W-2 forms and tax returns among other false documents, which were provided to the lenders.

A conviction for conspiracy to commit wire and mail fraud carries a possible maximum penalty of up to 20 years imprisonment and up to $250,000 fine. Judge Atlas has set sentencing for Sept. 19, 2009. Jammer has been permitted to remain free on bond pending sentencing.

Acting United States Attorney Tim Johnson made the announcement. The criminal charges are the result of a joint investigation being conducted by agents of the FBI and the Internal Revenue Service. The case was prosecuted by Assistant United States Attorney Melissa Annis.

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One response to Loan Processor Pleads Guilty To Preparing False Loan Docs

  1. manuel s andrade October 16, 2010 at 8:59 pm

    HI my name is manuel andrade we have been trying to modify our loan and the bank will not work with us our loan docs were changed by the lender,income was added to our docs that we did not agree on interest was changed and we were not notified,and naw we are in four clouser,this past week. HElp.

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