Industry News

North Carolina real estate loan fraud enters spotlight

Activity has cost lenders $64 million, official says
Published on Sep 28, 2005

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by CareyBot

Mortgage fraud has cost lenders in the Charlotte, N.C., area $64 million in recent years, U.S. Attorney Gretchen Shappert said last Thursday, and federal authorities are “ramping up” their fight against such activities, reports said. In a warning to real ...