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Loan Modification
: Mortgage Lender Implode-o-MeterFBI gets firepower to fight mortgage fraud
By Implode-Explode Heavy Industries
Congress has passed legislation intended to double the number of FBI mortgage fraud task forces and to close legal loopholes that have prevented federal prosecutors from filing fraud and money laundering charges against many mortgage lenders.
In a 338-52 vote, the House of Representatives this week signed off on Senate Bill 386, the Fraud Enforcement and Recovery Act of 2009.
Full post as published by Mortgage Lender Implode-o-Meter on May 20, 2009 (boomark / email).
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