FBI and DOJ Now Involved in Orange County Mortgage Fraud Prosecutions
October 16, 2008 by tgabeh · Leave a Comment
The Justice Department today reported filing 151 criminal mortgage fraud prosecutions in the first ten months of 2008. Of those, 19 were in California, while 73 were in Florida. Considering the fact that California is the largest U.S. market for high-risk home loans, followed closely by Florida and the Las Vegas area, we can expect the investigation of the collapsing subprime mortgage industry Read more