Mortgage Fraud

(credit: AP)

Federal Lawsuit Seeks $1 Billion From Bank Of America For Mortgage Fraud

The latest federal lawsuit over alleged mortgage fraud paints an unflattering picture of a doomed lender: Executives at Countrywide Financial urged workers to churn out loans, accepted fudged applications and tried to hide ballooning defaults.


U.S. Attorney Benjamin Wagner (credit: CBS13)

Prosecutors Say Mortgage Fraud Epidemic Highest In Northern California

Federal investigators say scammers have been targeting families on the brink of losing their homes.



Calif. Creates Mortgage Fraud Task Force

A new task force will investigate mortgage fraud in the wake of practices that crushed California’s housing industry and led to a wave of foreclosures, state Attorney General Kamala Harris said.

CBS13/CW31 Television–05/23/2011