Mortgage fraud ring obtained FHA loans for noncitizens

Nearly 300 buyers could be rounded up, deported

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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.