No date has been set for 62-year-old Claymon "Butch" Trammell, his 57-year-old wife Jeannettea Williams and his 40-year-old daughter, Michelle Trammell, to report to prison.
A federal judge in Houston on Monday sentenced the couple to five-year prison terms. Michelle Trammell was sentenced to three years. Each must pay nearly $1 million to lenders.
All pleaded guilty to conspiracy to commit wire fraud through their company, North Belt Mortgage.
Some homebuyers were told they did not need to put any money down, they weren't responsible for monthly payments and they would get money for use of their name and credit.
Dozens of homes ended up in foreclosure.