6 Charged For Defrauding HUD And Private Lenders
Richard Elroy Giddens, 67, Riverside, John Richard Varner, 54, Hesperia, Stephen Ray Harper, 50, Ontario, and Katherine Ann Kilmer, 52, Hesperia, all of California, and all former officers with the now-defunct Inland Empire mortgage lender, were arrested by Federal Agents on charges of defrauding the United States Department of Housing and Urban Development and private lenders by fraudulently obtaining federally insured loans and selling those notes to private lenders.
Two more defendants charged in the case – Ricardo Bonilla, 46, Fontana, California, and Abraham Julian Rezex, 59, Downey, California – are …
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Washington Mutual Responds
Washington Mutual, Inc. (NYSE:WM), in response to the press releases issued recently by the New York Attorney General’s Office regarding its probe of industry-wide mortgage appraisal practices, the company issued the following comments:
The integrity of WaMu’s appraisal process is very important and the company works hard to ensure that it operates properly.
The company takes any allegations of improper practices seriously, and is continuing its investigation into this matter. The Company will continue to pursue its policy of ensuring that its operations comply with all applicable laws. In addition, the company will …
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