The Department of Justice has charged three mortgage loan officers and a title agent with defrauding elderly borrowers, financial institutions and the Department of Housing and Urban Development out of $2.5 million in a large-scale reverse mortgage and loan modification scam. The accused loan officers – Louis Gendason, John Incandela and Marcos Echevarria, all Florida residents – and Kimberly Mackey, a title agent in Pittsburgh, allegedly conspired to commit wire fraud by using HUD’s Home-Equity Conversion Mortgage program to target seniors with promises to refinance their existing mortgages. The three loan officers allegedly inflated the...