House Arrest for Mortgage Broker

November 17, 2008


A former mortgage broker who pleaded guilty to bank fraud has been sentenced to a year’s house arrest and five years probation. He was also ordered to pay $214,000 in restitution after submitting fraudulent documents in order to obtain a $367,500 mortgage loan.

Shawn Brennan, 41, was a mortgage broker for Market Yard Mortgage in Freehold, N.J. He admitted to falsifying employment and income information for two separate loan applicants.

Read story at Asbury Park Press