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Charges Dropped, Fingers Point at Countrywide
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March 12, 2009
A former housing counselor with a history of mortgage fraud allegations was accused of lying about occupancy status and other items on his loan applications. He said, however, that he tried to change his mistakes but Countrywide and other lenders refused to make the corrections after the fact.
Thomas Cuomo's attorney said Cuomo tried to correct, for example, the mistake of checking the box that claimed the home would be owner-occupied to say it would be a rental, but the lender refused to make the correction so they could bundle the loan and sell it.
Charges of mortgage fraud were dropped against Cuomo for the second time in as many years. He was first charged in 2007 with money laundering and mortgage fraud.
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