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by CareyBot

A year after breaking up a Colorado mortgage fraud ring that falsified documents to allow noncitizens buy more than 300 homes using federally insured loans, authorities have begun rounding up hundreds of buyers who allegedly participated in the scheme. In the last two weeks, local, state and federal law enforcement authorities have arrested 15 people and charged them with filing false documents with lenders, including fake "green cards" issued to legal residents and forged Social Security cards. If convicted, those arrested also face deportation, said Jefferson County District Attorney Scott Storey. Last year, Storey's office indicted nine real estate professionals accused of recruiting illegal immigrants to buy 191 homes with mortgages guaranteed by the Federal Housing Administration. ...