As the economy changes, so do the ways people try to make a quick — and sometimes criminal — buck.
In response, state and federal agencies are ramping up efforts to track down and prosecute people who committed fraud that hurt major financial institutions and everyday homeowners.
There’s no single crime known as “mortgage fraud.” Instead, people are charged with crimes such as mail fraud or identity theft. The height of the fraud activity might have taken place two or three years ago, but the prosecution is just ramping up.
Read more about mortgage fraud…
