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41 arrested for mortgage fraud in new york

Loan Karma: Feds bust 41 people for mortgage fraud scheme

by Moe Bedard

31 people were arrested yesterday for mortgage fraud in the states of New York, Pennsylvania, Ohio and North Carolina. Federal prosecutors announced charges against 41 lenders, lawyers and others in the real estate industry.

U.S. Attorney Preet Bharara said in a statement that he found it “especially alarming” that lawyers, loan officers and mortgage brokers treated [...]

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