Friday, June 18 2010
The FBI says it will renew its efforts to end mortgage fraud. A spokesman said last week that the FBI anticipates arresting hundreds in crackdowns scheduled over the coming weeks.
Offenses agents expect to find range from schemes that encourage borrowers to lie about their incomes to scams that rely on falsifying foreclosure information.
The FBI has set up 23 fraud task forces across the U.S. to carry out the anticipated sweep.
Source: Financial Times (06/11/2010) http://www.realtor.org/RMODaily.nsf/pages/News2010061403?OpenDocument