Posted To: Pipeline Press
Rates have crept back up to pre-Brexit levels. Will the rates borrowers locked in during the last week of June be the stuff of cocktail party bragging for years to come for those owners? One person who probably won’t care is mortgage broker George Bernard, owner of Capital Financial Mortgage Corp., from 2005 through 2013. He’s been indicted for a $13 million fraud scheme . One of the most common, yet vague, catch-all reasons for a penalty is the False Claims Act , dating from the Civil War. This body of legislation was basically created to make it against the law to cheat the government – a fine purpose. I am not smart enough to use all the legal jargon, but here’s a layman’s explanation about how the government can collect triple damages due to the FCA when lenders are found guilty…(read more )