Man Pleads Guilty to Mortgage Fraud

EUGENE, Ore. — A Eugene man pleaded guilty Tuesday to a mortgage fraud scmeme in Central Oregon.

Peter Wilkinson, 43, is accused of committing bank fraud. In a plea agreement, he admitted to pushing bad loans through a broker in his Bend company, Deschutes Mortgage Group, causing institutions to lose $2.5 million to $7 million.

Among the accusations, court records state Wilkinson and others obtained financing to purchase real estate by giving lenders false home loan and applications.

A judge is set to sentence him in January. Wilkinson could spend up to 30 years in prison and pay a $1 million fine.

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