The former head of a mortgage banking firm who previously admitted criminal conduct and avoided incarceration might now face prison time because of unpaid restitution.
Led by Lonnie Brantley Jr., RH Lending was a troubled residential lender accused of fraudulently originating mortgages insured by the Federal Housing Administration.
Brantley struck a plea agreement in 2015 admitting to a misdemeanor charge of lying to the Department of Housing and Urban Development. The deal had him avoiding prison.
Source: Mortgage Daily