A former loan processor who was based in Houston has pleaded guilty to mail and wire fraud conspiracy charges before U.S. District Judge Nancy F. Atlas. The processor, Babette Jammer, admitted to conspiring with others to defraud residential mortgage lenders by misstating facts relevant to the lending decisions. Jammer assisted loan officers at two Houston area mortgage brokerage firms in preparing fraudulent documents used to induce lenders to provide 100% financing for homes the borrowers falsely claimed were to be their primary residences. Jammer created false IRS documents, including W-2 forms and tax returns, which were provided to the lenders.
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