With the meltdown of the U.S. housing market, many players in mortgage lending now face the triple threat of criminal, civil, and administrative legal action. Potential targets include financial institutions, borrowers, mortgage brokers, lenders, securities dealers, and auditors.
Prosecution of Subprime-Mortgage Fraud
With the meltdown of the U.S. housing market, many players in mortgage lending now face the triple threat of criminal, civil, and administrative legal action. But the scope of federal action against questionable lending practices will depend on the answer to a key question: What funding will be made available to law enforcement agencies?
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