Dozens indicted in Chicago mortgage schemes

Five cases involve straw borrowers, inflated appraisals

Federal prosecutors have filed charges against 37 people and four businesses in the Chicago area in five seperate 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.