NJ title company owner reaches plea deal in mortgage fraud case

Joshua Feldberger of Universal Abstract pleaded guilty to playing a minor role in a multimillion-dollar mortgage fraud case. The Department of Justice charged Feldberger of Howell, New Jersey, in September 2024, along with Arthur Spitzer and Mendel Deutsch — both Toms River, New Jersey-based — over a scheme that allegedly allowed Spitzer to obtain loans for real estate properties he never owned. Prosecutors alleged Spitzer orchestrated a ploy in 2019 and 2020 in which he identified properties in New Jersey or Brooklyn without mortgages or mortgages below the property’s market value.  Spitzer would then obtain loans on those properties he […] This article originally appeared on The Real Deal. Click here to read the full story.