Feds spotlight oddities in mortgage case - WDAM-TV 7-News, Weather, Sports-Hattiesburg, MS

Feds spotlight oddities in mortgage case

Wednesday was Day 6 in the mortgage-flipping trial at federal court in Hattiesburg, with testimony focusing on discrepancies in financial documents received by lending institutions.

The government's first witness was Mary Shaw, a BancorpSouth employee. Shaw testified that financial statements showed how proceeds from property sales were deposited before down payment checks on those properties were even made. She testified that she didn't believe it was suppose to be in that order.

Another witness for the government was Sonya Piernas, a former loan processor at Countrywide mortgage, who testified that defendant Kimberly Castle was charging on average $1,200 for closing fees, nearly three times the going rate among attorneys in the area.

And prosecution witness Dell Sanders told the jury that he was recruited by Jafus Jones who told him he could invest in property with no money down.

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