Ernest Wayne White, Jr, 36, a former mortgage broker, pled guilty in January 2006 to a criminal information charging him with mortgage fraud. As previously reported by Mortgage Fraud Blog, White pled guilty to one count of engaging in a monetary transactions in criminally derived property of a value greater than $10,000. White was sentenced June 30, 2006 to 24 months in prison. However, as a result of White's cooperation with other mortgage fraud cases, the government moved the court for a 6 month reduction in sentence, which was granted in March 2007.
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.