Mortgage Fraud Task Force

At least eight states have woken up and seen what is going on the arena of mortgage fraud. The Attorney General (AG) offices for the states of Arizona, Colorado, Illinois, Nevada, North Carolina, Massachusetts, Missouri and Ohio have announced that they are forming a mortgage fraud task force.

The task force will be tackling issues such as equity skimming, bogus foreclosure rescue, straw purchases and unethical lending practices.

The leader of the task force is the Washington Attorney General Rob McKenna. Representatives from the Department Justice, federal treasury, Department of Housing and Urban Development and (HUD) Federal Trade Commission (FTC) will also be involved in combating mortgage fraud as part of the task force duties.