Brentwood couple accused of making false statements on loan application to

A couple from Brentwood received federal penalties after pleading guilty to making false statements on loan applications.

According to the Department of Justice, Brennan McNally, 43, and his wife Angela McNally, 43 lied about employment status and income when filing for a residential loan.

“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.”

They will both spend a day in the custody of the U.S. Marshall’s Service and will be under three years of supervised release.

The couple will also have to spend $26,251 in restitution to the United States Department of Housing and Urban Development.

“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. “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.”

This is a developing story. Check back for updates as more information becomes available.

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