telephone For A Free Consultation Call (301) 761-4842

Maryland Federal Mortgage Fraud Attorney

As a result of the 2008 housing bubble crash, financial institutions and those individuals working in and around the mortgage lending industry, have fallen under increasing public scrutiny and pressure.  The media and the United States Congress has highlighted the offense of federal mortgage fraud and there is increasing pressure from the public to see justice for violators.  The Federal Bureau of Investigation’s Financial Institution and Fraud Unit (“FIFU”) is specifically dedicated to investigating mortgage fraud and other financial industry related fraud schemes.  If you are facing federal mortgage fraud charges, an experienced Maryland federal mortgage fraud lawyer at our law firm will provide you with sound and committed legal representation and work to accomplish the most advantageous outcome possible. For information on other kinds of federal fraud charges, follow that link.

Federal Mortgage Fraud in Maryland

Several fraud statutes cover the offense of federal mortgage fraud.  These statutes include, federal credit institution entries 18 U.S. Code Section 1006; transactions involving the Department and Housing and Urban Development and Federal Housing Administration under 18 U.S. Code Section 1010; mortgage transactions with Federal land bank under 18 U.S. Code Section 1011; and applications for loans and credit under 18 U.S. Code Section 1014.  Federal mortgage fraud generally involves either knowingly or with the intent to defraud by false representation or statement in any form relating to the origination of any mortgage, sale of any mortgage or overvaluation of a real estate transaction that is relied upon by one or more persons in making the transaction.  The Federal Bureau of Investigations FIFU has identified several mortgage fraud schemes such as loan modification schemes, illegal property flipping, home equity conversion mortgages, and commercial and real estate loans.

Possible Penalties for Mortgage Fraud

The prosecution of federal mortgage fraud offenses generally fall into two categories: either loan origination or distressed homeowner fraud.  Both categories carry serious incarcerable penalties and fines or both as well as damage to your future professional relationships if convicted.  Notably, the facts and circumstances of your case will have a great bearing on the length of imprisonment and or fine you may receive.  If you are facing federal mortgage fraud charges the penalties vary from as little as one year in prison to up to 30 years in prison to a fine not to exceed $1,000,000 or both.

Contact an Experienced Maryland Federal Mortgage Fraud Lawyer

Contacting a Maryland federal mortgage fraud lawyer is the first active step you should take to better understand the charges you are facing and the potential future ramifications that may result if you are prosecuted to the fullest extent of the law. A Maryland federal mortgage fraud lawyer from our firm is equipped with the knowledge and experience necessary to put on a successful defense and or negotiate on your behalf in the federal court system. The offense of federal mortgage fraud is an offense that is actively pursued in the federal justice system and thus, in order to protect your rights, retaining sound legal counsel from our firm will help you build a comprehensive defense to your charges. Do not wait- Call today.