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Home / Opinion Digests / Criminal – Sentencing – Mortgage Fraud – Loss Calculation (access required)

Criminal – Sentencing – Mortgage Fraud – Loss Calculation (access required)

In sentencing defendant for conspiracy to defraud lenders into issuing mortgage loans to unqualified borrowers who defaulted on the loans, an Alexandria U.S. District Court, in this case of first impression, calculates the loss for purposes of USSG § 2B1.1 by holding that the later foreclosure sale value need not be reasonably foreseeable to a ...