Cases / Lending & cash advance
National Consumer Mortgage LLC
Salvatore Favata
This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.
- Company / entity
- National Consumer Mortgage LLC
- Industry
- Notes funding loans to non-prime homeowners secured by deeds of trust
- How investors were recruited
- Face-to-face solicitation at church gatherings and investment seminars; persuaded mortgage refinance clients to invest
- Pitch & red flags
- Promised 30-60% annual returns; claimed notes were secured by deeds of trust at 65% or lower loan-to-value
Source
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