Mortgage Broker Pleads Innocent To CU Loan Fraud

Published September 16, 2012, 7:08 p.m. EDT

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Updated August 26, 2020, 10:40 p.m. EDT

1 Min Read

KALISPELL, Mont. — A mortgage broker pled innocent Friday to charges of bank and wire fraud in connection with a $450,000 mortgage she obtained from Whitefish CU.

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Deanna McAttee, 57, CEO of the Mortgage Source Inc., borrowed the funds from the credit union then assigned the loan to another couple without telling the credit union and allowing ot to perfect its interest in the property, which was later foreclosed on, prosecutors allege. The scheme left Whitefish CU as an unsecured creditor in the couple’s bankruptcy.

Authorities also say McAtee brokered a $30,000 loan between two other people, but demanded additional collateral before turning over the money, resulting in the wire fraud charge.

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