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Posts Tagged ‘$1 billion’

U.S. Attorney General Charges 530 in Mortgage Probe With $1 Billion in Fraud Losses

Posted by Warm Southern Breeze on Tuesday, October 9, 2012

U.S. Charges 530 in Mortgage Probe With $1 Billion in Losses

The U.S. brought charges against 530 people over mortgage schemes that cost homeowners more than $1 billion, Attorney General Eric Holder said today.

More than 73,000 homeowners were victims of various frauds for which charges were filed during a year-long crackdown, including “foreclosure rescue schemes” that take advantage of those who have fallen behind on payments, the Justice Department said in a statement.

“These comprehensive efforts represent Read the rest of this entry »

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