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Results tagged “subprimemortgagecrisis”

67 Arrested In Mortgage Fraud Sweep

The feds arrested 67 people in Chicago today for mortgage fraud. "Operation Malicious Mortgage" is trying to bust people who cost borrowers around $1 billion, according to the Justice Department. More than 400 people have been arrested nationally in 144 fraud cases, and locally, 33 people have been charged in two related schemes that involved $111 million in fraudulent loans. more ›

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