HUD previously suspended the lender from originating FHA-backed mortgages
The CEO of a mortgage lender that previously suspended by the Department of Housing and Urban Development from originating and underwriting new mortgages insured by the Federal Housing Administration has been charged with four counts of making false statements to HUD.
John Seckel had been the CEO of Seckel Capital, a mortgage lender based in Bucks County, Pa. From 2012–2015, the company was approved to originate FHA-insured loans. It was alleged that Seckel maintained the lender’s FHA-approved status during this period by providing false statements to HUD.
Particularly, Seckel is alleged to have filed forged financial statements for Seckel Capital on four occasions from 2013–2015. He also submitted certifications in which he falsely claimed that he had met the net worth and other requirements to be approved as an FHA lender.
If Seckel is convicted of the charges, he faces a maximum statutory sentence of eight years’ imprisonment.
In July, HUD announced the suspension of Seckel Capital from origination of FHA-backed loans, saying the company claimed an independent accounting firm audited its financial statements when, in fact, it had not.
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HUD suspends mortgage lender over false financial statements
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John Seckel had been the CEO of Seckel Capital, a mortgage lender based in Bucks County, Pa. From 2012–2015, the company was approved to originate FHA-insured loans. It was alleged that Seckel maintained the lender’s FHA-approved status during this period by providing false statements to HUD.
Particularly, Seckel is alleged to have filed forged financial statements for Seckel Capital on four occasions from 2013–2015. He also submitted certifications in which he falsely claimed that he had met the net worth and other requirements to be approved as an FHA lender.
If Seckel is convicted of the charges, he faces a maximum statutory sentence of eight years’ imprisonment.
In July, HUD announced the suspension of Seckel Capital from origination of FHA-backed loans, saying the company claimed an independent accounting firm audited its financial statements when, in fact, it had not.
Related stories:
HUD suspends mortgage lender over false financial statements
Family-run mortgage scam nets $30 million
