Carrie Webb was charged in a criminal Information with wire fraud conspiracy in connection with a mortgage fraud scheme. Webb and other conspirators at People's Home Mortgage identified in the Information as "LT" and "CC", allegedly submitted loan applications to lenders containing material misrepresentations as to borrowers' financial information thereby inducing lenders to fund loans for otherwise unqualified borrowers.
Webb pleaded guilty to the charge on July 10, 2008. Sentencing has not yet been scheduled.
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.