The feds busted a $58 million mortgage scam involving more than 100 home loans in New York, Westchester, Long Island and upstate, officials said Thursday.

More than a dozen loan officers, lawyers and the head of a brokerage firm were arrested on charges of defrauding banks with sham deals using bogus applications and straw buyers, prosecutors said.

A five-count indictment names Gerard Canino, 50, of Merrick, L.I., as the ringleader who used his firm, First Class Equities.

An indictment filed in Manhattan Federal Court said the  loans were worth more than $58 million.

A total of 14 faces more than 30 years in prison for of conspiracy to commit bank and wire fraud, bank fraud and other charges.

(Source: NY Daily News)