Congress funding efforts to stop mortgage fraud
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Finally, congress is waking up and doing something about the criminals who are taking advantage of consumers. The fraud isn’t simply being perpetrated by greedy loan brokers run amok, it also involves crooked lawyer aiding and abetting these criminals in their effort to extract money from trouble home owners. The problem is that the organizations like the California Department of Real Estate and California Bar Association simply do not have sufficient man power to hire more investigators, attorneys and accounts to look into allegations of fraud. With additional funding of $200 Million, more of these cases can be investigated at the local level and more of these crooked players can be taken off the streets.
Finally, Congress is doing something right on a bi-partisan level.
