A former Texas mortgage broker has received a prison sentence for his role in deceiving wholesale lenders on more than a dozen transactions.

Alfer Rodenburg was a mortgage broker in Houston. He arranged first and second mortgages between prospective borrowers and wholesale mortgage lenders.

On 14 of those loans, Rodenburg, 65, is accused of conspiring with co-defendant Walter Woldt to deceive the wholesalers into making the loans.

Source: Mortgage Daily