Two real estate companies, a title company, an investment company and 37 people have been charged in mortgage fraud cases in the Chicago area that cost lenders $48 million, federal officials announced Tuesday.
It was the third major batch of unrelated mortgage fraud cases unveiled in the last year by federal prosecutors eager to focus attention on the crime.
“There certainly is a wave of mortgage fraud that we’re trying to crack down on,” U.S. Attorney Patrick J. Fitzgerald said at a news conference. Read more about mortgage fraud…
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