FBI Arrests 400 Mortgage Scammers

[Richard Warren]

The crackdown continues. It seems that the FBI has arrested 400 people since March for mortgage fraud. I'm sure this will have many others shaking in their boots. However this is a case of shutting the barn door after the horses have escaped, once again it's too little, too late.

Foreclosure rescue scams are also being targeted.

See Article:
http://news.yahoo.com/s/ap/20080619/ap_on_bi_ge/mortgage_fraud

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