June 20th, 2008
Loading ...
Ventura County Star- More than 400 real estate industry players have been indicted since March, — including dozens in the last two days — in a Justice Department crackdown on incidents of mortgage fraud that stem from the country’s housing crisis.
The FBI put the losses to home-owners and other borrowers who were victims in the schemes at more than $1 billion.
Sponsored by
"Mortgage fraud poses a significant threat to our economy, to the stability of our nation’s housing markets and to the peace of mind of millions of American homeowners," Deputy Attorney General Mark Filip said at an afternoon news conference.
News Tags:100 million, complexity, data group, investigations, japan, pariah, patrice, professional athletes, trillion
Popular Hedge Fund Articles