Michael Lane Prevette, 31 Mobile, Alabama, was arrested on a federal identity theft charge.
Prevette has been operating as a mortgage broker in the Mobile, Alabama area. In the course of operating his business, he obtained various forms of false identity and operated under the false identity of "Lane Bush." Prior to coming to Mobile approximately one and one-half year ago, Prevette operated in the states of North Carolina and Illinois.
The investigation is continuing and is being conducted jointly by the Mobile FBI and the Alabama Attorney General's office.
A detention hearing concerning Prevette's pre-trial status is scheduled for March 20, 2006, before United States Magistrate Judge, Sonja F. Bivins, Mobile, Alabama.
Rachel Dollar, the editor of Mortgage Fraud Blog is an attorney and Certified Mortgage Banker who handles litigation for lending institutions and secondary market investors.