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Ex-American Home Mortgage manager going to prison

By Leo Namiot - LeoLends.com

Mortgage and Lending with Canopy Mortgage - Leo Namiot 89769

August 30, 2007 02:09 AM

Ex-American Home Mortgage manager going to prison.

A former American Home Mortgage Investment Corp. branch manager in Alaska, hired at the now-bankrupt company after an FBI probe caused him to be fired from Countrywide Financial, was sentenced Monday to serve more than two years in prison.

Read acticle @

http://www.newsday.com/business/ny-bzahm0829,0,1995673.story

It's really not worth bending or breaking the rules now is it?

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Ronald Gillis

Southwest Florida Notaries (Mortgage Notary Signing Agent) - Port Charlotte, FL

CNSA Southwest Florida. Notaries, Port Charlotte, 941-7-NOTARY

Not a surprise about the sentence, but I still can't believe American Home Mortgage would hire someone like that.

Aug 30, 2007 02:26 AM

Jim McGrath

Roseland, NJ

I am not surprised either. You don't know who you're hiring, you can check references and do some type of background check, but cheaters are going to pop up from time to time. American Home was just a group of branch-net conceptors. I'm not surprised then ended up with some bums...greed.

Aug 30, 2007 02:30 AM

Seth Callen

Farmers Insurance - Lawton, OK

I don't see why this surprises anyone, including the lenders themselves. They are the ones who came up with the stated income programs in the first place, including STATED WAGE EARNER! Do you really think that they did not intend for that program to be abused?? I agree that what the guy did was wrong on a number of different levels, but I think it's pretty hypocritical for the lenders who came up with those programs to claim to be the victims.

Aug 30, 2007 03:22 AM