Tuesday, December 21, 2010

Mortgage fraud to be targeted

The housing crisis may have given some motivation to work around the system. That has federal and state prosecutors saying they will combine forces to investigate mortgage fraud in Iowa. U.S. Attorney Nick Klinefeldt and Iowa Attorney General Tom Miller announced the joint effort yesterday, called Iowa Mortgage Fraud Working Group. One thing that will be closely scrutinized...“robo-signers,” the practice of one individual signing dozens of court documents without ensuring the foreclosure information in them is accurate. Miller said he wants to make Iowa a very bad place to commit mortgage fraud.

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