Broker pleads guilty in subprime mortgage case

A Dorchester mortgage officer has pleaded guilty yesterday in Suffolk Superior Court to multiple charges in connection with her fraudulent activity in securing subprime mortgages for several unqualified home buyers, the office of Massachusetts Attorney General Martha Coakley said today.

Nicole Lyder, 34, (right) pleaded guilty to charges of forgery and larceny of bank credit by false pretenses, among other counts, said Coakley's office, which added that Judge Christine McEvoy sentenced Lyder to serve two years in the House of Correction.

Lyder was the subject of a Globe story from a year ago. To read that story, please click here.

To read Coakley's press release, which noted that Lyder began engaging in fraudulent activity in order to secure subprime mortgage loans for several home buyers in Dorchester, Randolph, and Taunton starting in late 2005, please click here.
(By Chris Reidy, Globe staff)