Tuesday, June 30, 2009

6 In NJ Indicted On Mortgage Fraud Charges

Six people have been indicted on various mortgage fraud-related charges in three separate cases in New Jersey. Among those charged are two women who authorities say used loan application information to obtain more than $1 million in unauthorized mortgages, lines of credit and credit cards. Banks in New Jersey, Pennsylvania and New York were defrauded in the schemes. Attorney General Anne Milgram had already filed three civil lawsuits against companies and people it claims were cashing in on the ongoing mortgage crisis. The allegations included charging high fees to homeowners trying to stave off foreclosure. AP

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