Christian Parada-Renteria, 40, a former loan officer at Delta Homes and Lending Inc., pleaded guilty to one count of concealing a widespread conspiracy to commit wire fraud and one count of concealing a mail fraud transaction in connection with a mortgage fraud scheme, according to a U.S. Attorney’s Office news release.
Prosecutors alleged that Moctezuma Tovar, 46, Delta Homes’ founder and president operated a mortgage fraud conspiracy between 2004 and 2007 along with other loan processors and real estate agents. Parada-Renteria had been accused of assisting his alleged co-conspirators in falsifying loan applications.
Co-defendants Jaime Mayorga, 36, and Ruben Rodriguez, 38, both of Sacramento, have a trial date of April 5.
Read the original article in the Sacramento Bee.