Stopping Mortgage Fraud
There has been and will continue to be a lot of fraud in the mortgage industry but it seems something will be done about it. “In a move that received little notice, Congress this week sent to President Obama a bill to appropriate $532 million to investigate mortgage and securities fraud.
The bill would double the size of the mortgage fraud investigation staff at the FBI starting in the fall. The bill would also allow the government to hire more prosecutors, special agents and analysts to chase housing and corporate financial fraud.