FBI Holds 406 on Mortgage Fraud - BBC News
The FBI says it has arrested 406 property market players as part of a crackdown on alleged mortgage frauds worth an estimated $1bn (£500m).
The arrests include housing developers, estate agents and mortgage brokers. Some of cases involve the alleged use of false employment records or the inflation of property values.
Nice progress, but still no mention of the appraisers. Those inflated property values wouldn't have made it down the pipeline without their complicity.
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