FBI: €1bn lost in US mortgage fraud

More than 400 estate agents have been charged since March, including dozens over the past two days, in a crackdown on incidents of US mortgage fraud that stem from America’s housing crisis, the Deputy Attorney General said today.

FBI: €1bn lost in US mortgage fraud

More than 400 estate agents have been charged since March, including dozens over the past two days, in a crackdown on incidents of US mortgage fraud that stem from America’s housing crisis, the Deputy Attorney General said today.

The FBI put the losses to homeowners and other borrowers who were victims in the schemes at more than €1bn (€636m).

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