State-Federal Task Force Fights Mortgage Fraud

Posted by Orb Staff on August 25, 2009 No Comments
Categories : Uncategorized

Washington Attorney General Rob McKenna and Iowa Attorney General Tom Miller are co-chairing a new task force that targets mortgage fraud.

Additional members include representatives of the U.S. Department of Justice, Department of Treasury, Department of Housing and Urban Development and the Federal Trade Commission, as well as the attorneys general of Arizona, Colorado, Illinois, Nevada, North Carolina, Massachusetts, Missouri and Ohio.

The state-federal task force – which grew from a July 15 meeting in Washington, D.C., between several state attorneys general and the U.S. Justice and Treasury departments – will combine enforcement powers to take on equity skimmers, foreclosure rescuer schemers, straw purchasers and unethical lenders, according to McKenna.

"Scammers and opportunists need to know that they're in the crosshairs of a tough, well-armed posse with a presence in every state," he says.

SOURCE: Washington Attorney General Rob McKenna

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