There have been recent mortgage fraud indictments released from the United States Attorney in South Carolina. These indictments are actually bank fraud charges. There is actually no such crime in the federal judicial system called "mortgage fraud." There is a combination at times of wire fraud, mail fraud, and or bank fraud that relate to the acquisition of a mortgage or home loan. The Federal Bureau of Investigation is normally the lead investigative agency. The FBI has dedicated an entire task force for mortgage fraud cases. This comes after the dramatic increase in foreclosures in the home loan industry. The old saying is, "there is no fraud until people stop making payment." This increase in investigations is based on the powerful banking industry complaining to the government that they were defrauded by dirty investors. What they are not disclosing is the fact that the banks were in on the fraud the entire time. The banks have been banking for a long time and were well aware that the housing market was over inflated. The banks also knew that they were giving the money away to individuals that did not qualify for any loan, much less a million dollar loan. The banks continued doing this and selling the debt to other banks and investors. In other words, we will give you what ever you want and sell the debt to another bank.
A good federal defense attorney is critical to defending a case against an individual or a company. It is extremely import that a potential target of an investigation NOT SPEAK to anyone until consulting an attorney. Our defense attorneys are licensed in several states and numerous federal jurisdictions. We handle these type of federal indictments all over the country. We handle the mortgage fraud from pre-indictment all the way through an appeal to the United States Supreme court if necessary. We have an excellent appellate attorney in house for any issues that are not resolved at the trial level.
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Mortgage Fraud Indictments
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