Agent, loan processor admit getting FHA loans for illegal aliens

inman.com

A Kansas City, Kan., real estate agent and loan processor pled guilty to a conspiracy to sell homes to illegal aliens using a Federal Home Administration loan program, Kansas U.S. Attorney Eric Melgren said Tuesday.

Carlos Ruano Cruz of Kansas City, Kan., and Mary Rachel Olivarez of Shawnee entered pleas Monday to one count each of conspiracy to defraud the loan program, Melgren said in a statement.

Cruz was a real estate agent and Olivarez was the manager of American Home Loans in Shawnee, Kan., according to Melgren.

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Posted by Suzanne at July 21, 2005