FBI Plans Massive Sweep of Mortgage Fraudsters
Hundreds of arrests expected next week
By John Johnson,  Newser Staff
Posted Jun 11, 2010 12:50 PM CDT
A foreclosure sign in Denver.   (AP Photo/David Zalubowski, file)

(Newser) – FBI agents will fan out across the country next week and arrest hundreds of shady lenders who duped people into taking mortgages they couldn't afford, reports the Financial Times. The crackdown on mortgage fraud will go after companies that misled people about their loans and potential rescue programs, or that flatly encouraged them to lie on their applications. Read the New York Times story here.

 

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