Page 1 of 22 AFFIDAVIT IN SUPPORT OF ARREST WARRANTS ...

property ownership and identified relevant bank records of the individuals and/or companies.Your affiant has also subpoenaed and examined bank records pertaining to loan files.Your affiant has participated in this investigation and has personally interviewed those whoseinformation is set forth herein, and/or have reviewed reports of interviews or other investigativeinformation prepared by others that may appear in this affidavit.As a result of your Affiant’s personal participation in this investigation and/or reports, oral andwritten, your affiant is familiar with the circumstances of the offenses described in theAFFIDAVIT.On the bases of your affiant’s training and experience, you’re Affiant states the facts contained inthis Affidavit. Your Affiant has identified the aforementioned subjects as active participants inan ongoing criminal enterprise used to defraud numerous financial institutions.MORTGAGE TERMS‘Residential mortgage loan’ means a loan to extend credit made to a person, which loan issecured by a deed to secure debt, security deed, mortgage, security interest, deed of trust, orother document representing a security interest or lien upon any interest in one-to-four familyresidential property located in Florida including the renewal or refinancing of any such loan. Asin these listed mortgage loans they are referred to as HELOC which is a home equity line ofcredit. These HELOC loans are secured through the submission of a warranty deed declaringsecurity interest in the collateral property being represented. These warranty deeds are forgedand are submitted to the financial institutions declaring ownership of the property when noneexisted. The equity line of credit is determined based on the amount of equity available in thestated property. Through the embellishment of false & fraudulent appraising the manufacturingof property equity takes place. The financial institution using that appraisal information willassign an approved equity line of credit. Once the line of credit is approved and distributed theHELOC is funded for a short period of time and then becomes delinquent. As a result thefinancial institutions are forced to move against the properties under foreclosure proceedingsonly to find out that the original owners still own the effected property.‘Mortgage lending process’ means the process through which a person seeks or obtains aresidential mortgage loan including, but not limited to, solicitation, application, or origination,negotiation of terms, third party provider services, underwriting, signing and closing, andfunding of the loan. Documents involved in the mortgage lending process include, but are notlimited to, uniform residential loan applications, appraisal reports: HUD-1 settlement statements;supporting personal documentation for loan applications such as W-2 forms, verifications ofincome and employment, bank statements, tax returns, and payroll stubs; and any requireddisclosures.‘Pattern of residential mortgage fraud’ means one or more material misrepresentations, oromissions made during the mortgage lending process that involve to or more residentialproperties., which have the same or similar intents, results, accomplices, victims, or methods ofcommission or otherwise are interrelated by distinguishing characteristics.Page 4 of 22