EAST ST. LOUIS, Ill. – A federal judge in East St. Louis has ordered a southwestern Illinois minister to spend four years in federal prison and repay $142,000 in a mortgage fraud case.
The government says he made fraudulent transactions to get a loan on a home in an exclusive Maryville neighborhood. His wrongdoing helped him get a subprime mortgage to buy property without a downpayment while exposing lender HomeEq Mortgage Servicing to an increased default risk.
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