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Housing Counselor Caught Stealing Mortgage Mod Payments

October 9, 2011 by PeterGreijn

Filed under: News

mortgage fraudLori Macakanja, a former housing counselor in Dunkirk, N.Y., pleaded guilty this week to mail fraud and theft of government money meant for modifying delinquent mortgages.

Some 136 clients of her company, HomeFront Inc., gave Macakanja a combined $ 300,000 for promised modifications. She used the money for her own use, including gambling trips. She also used $ 4,000 worth of Troubled Asset Relief Program grants to the Buffalo Urban Renewal Agency to pay her own mortgage.

Read the full story at HousingWire.

Also see:
HAMP Helping Fewer and Fewer Homeowners
Mortgage Rates Hit All-Time Low

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AOL Real Estate – Blog

Filed Under: News on Real Estate Tagged With: Caught, Counselor, housing, Mortgage, Payments, Stealing

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