It's about time/Hundreds swept up in mortgage fraud arrests
It's about time the feds went after some of the unscrupulous people behind the housing crises.
I'm mildly surprised by all the arrests, now if they would go after the oil gaugers.
Those named in the cases include housing developers, mortgage lenders and brokers, lawyers, real estate agents and appraisers, said Sharon Ormsby, section chief in charge of financial crimes for the FBI.
In some cases, gang, drug and organized crime investigations have resulted in mortgage fraud cases because such schemes enable criminals to launder money, Ormsby said.
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