Two residents of Brentwood, Pennsylvania, have pleaded guilty and were sentenced in federal court on charges of making false statements on a loan application.
Husband and wife Brennan and Angela McNally each pleaded guilty before Senior United States District Judge Nora Barry Fischer to one count of making a false statement on a loan application.
In separate sentencing hearings, Judge Fischer ordered each defendant to spend a day in the custody of the United States Marshals Service, to be followed by three years of federal supervised release.
Additionally, both defendants were ordered to pay restitution to the United States Department of Housing and Urban Development in the amount of $26,251.
In connection with the guilty pleas and sentencings, the court was advised that Brennan, 43, and Angela, 43, each made false statements and representations pertaining to Angela’s residential loan application, specifically regarding Angela’s employment status and income.
Both defendants made these false statements knowingly and for the purpose of influencing the mortgage lending business’s action on the loan application.
They were convicted and sentenced on January 15, 2025,
In sentencing each defendant, Judge Fischer noted the serious nature of the federal felony offence and the harm that such criminal conduct has on the lender and mortgage industry.
“When the McNallys lied so that they could get a federally funded loan, they put themselves above the worthy and qualified applicants for whom the funds were intended,” said U.S. Attorney Olshan. “We appreciate the work of the Department of Housing and Urban Development Office of Inspector General in this case and will continue to work with our federal, state, and local law enforcement partners to stamp out financial fraud wherever we find it.”
“The defendants engaged in an egregious scheme to misrepresent the spouse’s employment, falsely claiming she was a federal employee to take advantage of a HUD-insured mortgage program designed to assist hard-working individuals realize the American dream of homeownership,” said Special Agent-in-Charge Shawn Rice with the U.S. Department of Housing and Urban Development Office of Inspector General.
Rice added, “No one is above the law and our office will continue to work with the U.S. Attorney’s Office and our law enforcement partners to investigate individuals who jeopardize the integrity of FHA mortgage programs.”
