U.S. v. PHILLIPS

Nos. 11-3822, 11-3824.

688 F.3d 802 (2012)

UNITED STATES of America, Plaintiff-Appellee, v. Lacey PHILLIPS and Erin Hall, Defendants-Appellants.

United States Court of Appeals, Seventh Circuit.

Decided August 2, 2012.


Attorney(s) appearing for the Case

Daniel J. Graber (argued), Attorney, Office of the United States Attorney, Madison, WI, for Plaintiff-Appellee.

Peter A. Bartelt , Attorney, Stoughton, WI, for Lacey Phillips.

Bryan J. Cahill (argued), Eric J. Wilson , Attorneys, Godfrey & Kahn S.C., Madison, WI, for Erin Hall.

Before EASTERBROOK, Chief Judge, and BAUER and POSNER, Circuit Judges.


EASTERBROOK, Chief Judge.

Lacey Phillips and Erin Hall decided to buy a house together. They asked Associated Bank for a mortgage loan. It said no, because Hall had a recent bankruptcy and the couple's joint income (approximately $3,800 a month) was too low for the loan they needed (more than $200,000). Phillips and Hall next turned to Brian Bowling, a mortgage broker. Bowling told them that they could qualify under what he called the "stated income loan program"...

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