67 Charged In Chicago Mortgage Fraud Scams
Sixty-seven defendants, including mortgage brokers, loan officers, realtors, home builders and five attorneys, are facing federal charges relating to mortgage fraud, identity theft and bankruptcy fraud in a dozen new cases in Chicago, federal law enforcement officials announced today as part of Operation Malicious Mortgage, a nationwide initiative against fraudulent homelending schemes. Together, the cases involve more than $170 million in fraudulently-obtained home mortgages issued by various lenders and secured by several hundred residential properties in …
Original post by default@goarticles.com (Jimmy Chuang)