'Fluffing' loan info leads to guilty plea for fraud - Hawaii News

Full story: Honolulu Star-Bulletin

Sierra Hethcote said she thought she was helping a single mother with four children when she signed loan applications that contained false information to purchase the woman's Mililani home.
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41 - 47 of 47 Comments Last updated Sep 29, 2009
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mainlander

Houston, TX

#42 May 25, 2009
brah I feel for you! Many of the financial market took a beating from the economic meltdown. Thankfully you still have 310 at the moment. But I know this kine stuff makes everyone huhu, because that money was for retirement. The reason why this mess goes beyond banks is this - You heard H & R Block, the Tax preparation company, well they was one of several wall street companies who owned wholesale mortgage companies like Option One. These WS firms wrote the expanded (lax)mortgage guidelines, promoted them and underwrote the loans through a conduit of mortgage brokers and correspondant lenders. You heard of Lehman Brothers once a behemoth on WS. It owned Aurora Loan Services and SIB Mortgage Corporation, large wholesale sub-prime lenders selling their toxic sludge across the country. Then there was Merrill Lynch who owned First Franklin a subprime whole
mortgage company as well with tentacles in every state. These were just a few of the BIG WS investors aside from the more promenient banks who sold sub-prime loans through subsidiaries or an wholesale arm. It was more then just the banks, who did have a role in this mess.
Suzie

Princeville, HI

#43 May 25, 2009
Thats just what they are FLUFFERS......They get you ready for the pop shot!

Then they screw you
Ms Aloha

Princeville, HI

#44 May 26, 2009
we lost thousands they made tens of thousands
Manapua Man

AOL

#45 May 26, 2009
You're my dream girl, Sierra!!!!!!!!
Stumpy

Kaneohe, HI

#46 May 26, 2009
Broke Hawaiian wrote:
200 cuz from my ira.........i had 520 before
No worry, Obama says that's all you need.
Candice

Princeville, HI

#47 May 26, 2009
Suzie wrote:
Thats just what they are FLUFFERS......They get you ready for the pop shot!
Then they screw you
Oh girl thats HOT
Milk Toast

Honolulu, HI

#48 Sep 29, 2009
What is really amazing. Why has no one lost their jobs or been demoted in the FBI or US Attorney's office. This type of fraud was as common as anything. Hell, people went around advertising it on the radio or on the side of their cars (I buy homes)- remember those! Now the FBI and US Attorney think they are heros! That is is more criminal these these idiots. There needs to be accountablity both ways here.

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