Mortgage company president charged with stealing $3 million from Ginnie Mae

Pena, who is the founder and president of Mortgage Security- a mortgage company that is no longer in operation-was indicted on wire fraud and conspiracy charges. Court documents state that Mortgage Security was contracted with the government national mortgage association, also known as Ginnie Mae.

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The president and founder of a Falmouth, Mass., mortgage company was charged in U.S. District Court in Boston in connection with defrauding the Government National Mortgage Association (Ginnie Mae) out of nearly $3 million. Read on for more details.

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Robert Pena, 67, the president and founder. Mortgage Company President Charged with Defrauding Ginnie Mae BOSTON – The president and founder of a Falmouth mortgage company was charged in U.S. District Court in Boston in connection with defrauding the Government National Mortgage Association (Ginnie Mae) out of nearly $3 million.

Mortgage Company President Charged with Stealing $3 Million from Ginnie Mae HousingWire, Aug. 18, 2016–Lane, Ben Mortgage Security Inc. founder Robert Pena accused of diverting Ginnie Mae funds for personal use.

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where the seat of the federal government is just several miles away and agencies like Freddie Mac and Ginnie Mae also are nearby, the former chairman of Taylor, Bean and Whitaker Mortgage. million.

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Mortgage Company President Charged with Defrauding Ginnie Mae BOSTON – The president and founder of a Falmouth mortgage company was charged in U.S.. Jump to. Sections of this page.. See more of Falmouth Police Department on Facebook. Log In. Forgot account? or. Create New Account.

President of Falmouth mortgage company pleads Guilty to Fraud. BOSTON – The president and founder of a Falmouth mortgage company pleaded guilty yesterday in federal court in Boston in connection with defrauding the Government National Mortgage Association (Ginnie Mae) out of approximately $2.5 million. Robert Pena, 68, of Falmouth,

Mortgage Security founder accused of diverting mortgage funds for personal use. According to court documents, Pena also diverted borrowers’ escrow funds and mortgage-insurance premiums for his own use. In total, Pena allegedly took nearly $3 million, which Ginnie Mae said it had to pay the investors whose investments it had guaranteed.