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Member Since: 2/2006Last Seen: 11/25/2009

Hundreds Indicted In DOJ Mortgage Fraud Sweep

Read ArticleArticle Source: The Boston Globe
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More than 400 real estate industry players have been indicted since March -- including dozens over the last two days -- in a Justice Department crackdown on incidents of mortgage fraud nationwide that have contributed to the country's housing crisis.

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{"commentId":2008547,"authorDomain":"killfile"}

It's good to know that a good part of the mortgage crisis is a result of illegal activity. Of course, that also means that regulation failed pretty miserably during the boom.

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  • 1 vote
Reply#1 - Fri Jun 20, 2008 12:10 AM EDT
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