Senate Judiciary Committee Takes on Mortgage Fraud with Increased Funds
March 5, 2009
The Senate Judiciary Committee late this week is expected to approve tougher standards to prevent mortgage fraud by non-bank lenders and boost enforcement capacity among regulators. The Fraud Enforcement and Recovery Act of 2009 introduced by committee Chairman Sen. Patrick Leahy, D-VT, and Sen. Charles Grassley, R-IA, early last month would alter federal criminal, securities, and...