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by CareyBot

Federal prosecutors have filed charges against 37 people and four businesses in the Chicago area in five separate mortgage fraud cases involving "scores of homes" and more than $48 million in allegedly fraudulent loans.Defendants include a vice president of the title company, mortgage brokers, loan officers, real estate investors, appraisers and an attorney, the U.S. Attorney for the Northern District of Illinois said in a press release.Prosecutors called one of the cases, United States v. Lisnek, et al., "one of the most comprehensive mortgage fraud schemes ever charged" in Chicago. From 2002-07, prosecutors alleged, 15 defendants and four businesses were involved in the purchase of 70 homes that were made "camera ready" with cosmetic repairs to their exterio...