Broker says she’s guilty in subprime loan case
January 14th, 2009
Dorchester mortgage broker who helped unqualified home buyers secure subprime loans has pleaded guilty to forgery, larceny, and other criminal charges, the state attorney general’s office said yesterday.
Nicole Lyder, 34, was sentenced Monday to two years in the Suffolk County House of Correction after entering a plea in Suffolk Superior Court. The allegations included providing false financial information about clients to lenders, qualifying them for loans they couldn’t afford, and then collecting thousands of dollars in commissions.
Lyder entered a not-guilty plea in April and had been held on $500,000 bail, which was reduced to $100,000, before she changed her plea.
