A late Maryville cover faces federal charges of mortgage accommodation fraud after agents said he falsely pretentious his receipts to get a loan on a home in an exclusive neighborhood. Keith Lamont Pittman, 58, purchased the place at 30 Fieldcrest Drive in Maryville after he obtained a mortgage for the land from Fremont Investment and Loan, according to a federal indictment returned by a opulent jury on Thursday. "On the Uniform Residential Loan Application, with the goal to play the fiscal introduction with obey to obtaining a mortgage loan, Pittman falsely reported a monthly takings of $11,900, when he in certainty did not have a monthly revenue of $11,900," the indictment stated. Pittman also reported having a enthusiasm guaranty protocol with a value of $350,000, the indictment stated. Pittman had no such policy.
The where it hurts is valued at $367,200, according to Madison County records. Pittman's ci-devant approach is 405 St. Nicholas Dr. in Cahokia. The indictment coincides with the National Mortgage Fraud Takedown and "Operation Malicious Mortgage" announced Friday forenoon at an FBI bear bull session in Washington, D.C. The opening move targets the significant warning posed by mortgage inveigler for lenders, according to a cluster notice by U.S. Attorney for the Southern District of Illinois A. Courtney Cox.
If convicted, Pittman could nerve up to 30 years in oubliette and a sheer of $250,000. Contact pressman Beth Hundsdorfer at or 239-2570.
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