FBI Plans Massive Sweep of Mortgage Fraudsters

FBI agents will fan out across the country next week and arrest hundreds of shady lenders who duped people into taking mortgages they couldn't afford, reports the Financial Times. The crackdown on mortgage fraud will go after companies that misled people about their loans and potential rescue programs, or that flatly encouraged them to lie on their applications. Read the New York Times story here.
(More mortgage fraud stories.)