Federal authorities charged 41 defendants in five separate mortgage-fraud cases in the Chicago area, alleging the defendants used schemes that resulted in $48 million in fraudulently obtained mortgages issued by various lenders.
A total of 37 individuals and four businesses are facing new federal charges stemming from the cases, according to the Department of Justice. The individuals include a vice president of a title company, LaSalle Title Co., mortgage brokers, loan officers, real estate investors, appraisers and an attorney. Read more about mortgage fraud charges…
