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Federal Prison Sentences Expected To Get Stiffer As Tanking Real Estate Market Drives Up Lenders' Losses From Mortgage Fraud

By r morris

Buried in a recent story in the South Florida Sun Sentinel is an observation that prison sentences in federal mortgage fraud prosecutions will begin becoming stiffer than they have been: [U]ntil now, the punishments meted out to mortgage fraud offenders have been relatively mild ? usually less than five years' imprisonment and sometimes nothing more than probation.That's because under federal

Full post as published by The Home Equity Theft Reporter on January 02, 2009 (boomark / email).