The Real Estate Encyclopedia
Senate passes bill targeting mortgage fraud
Category - Mortgage Questions - Mortgage Loans FAQ's

MORTGAGE FRAUD

The U.S. Senate voted Tuesday to hire hundreds more FBI agents and prosecutors to investigate the estimated 5,000 allegations of mortgage fraud reported each month. The Senate bill is estimated to cost more than $265 million a year for the next two years, but fines and penalties could make the program pay for itself.

Read the full story: April 29, 2008

http://www.floridarealtors.org/NewsAndEvents/n5-042909.cfm

 
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Mortgage Questions - Mortgage Loans FAQ's
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