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.

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.

 

Subscribe Now

Authoritative analysis and perspective for every segment of the credit union industry

14-Day Free Trial

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