BOSTON -- The former owner of the Loan Depot, a mortgage brokerage business, has been found guilty of mail fraud.

U.S. Attorney A. John Pappalardo said the charges involved efforts to market "mortgage pools" to investors.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.