A Brentwood couple has faced the music in federal court after pleading guilty to falsification in securing a home loan. Brennan and Angela McNally, both 43, have been handed down a sentence that includes a stint in the custody of the United States Marshals Service and three years of federal supervised release. The couple made false statements on a loan application, a move that cost them their freedom and financial restitution amounting to $26,251, as they were ordered to pay the United States Department of Housing and Urban Development.
According to the U.S. Department of Justice, the McNallys lied about Angela’s employment status and income on the application. This dishonesty played a key role in their ability to secure loans for eligible applicants, putting them at an unfair disadvantage to others needing support for homeownership. Senior United States District Judge Nora Barry Fischer underscored the severity of their actions during their separate sentencing hearings.
In her judgment, Fischer noted the gravity of the federal felony offense, emphasizing the detrimental impact such deceit can have on lenders and the broader mortgage industry. “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,” U.S. Attorney Eric G. Olshan stated in a remark echoing the court's sentiments. The U.S. Attorney's Office stressed the concerted effort of federal, state, and local law enforcement partners in rooting out financial fraud.
The case was prosecuted by Assistant United States Attorney Nicole A. Stockey, and United States Attorney Olshan lauded the Department of Housing and Urban Development Office of Inspector General for their investigation, leading to the successful prosecution of Brennan and Angela McNally.
