WASHINGTON AP – The housing market slump translated into brisk business last year for mortgage scammers and the federal agents who pursue them, with the FBI winning 206 convictions, recovering nearly $22 million and still chasing a growing number of securities and commodities fraud cases.
According to an FBI report released Thursday, the 1,204 mortgage fraud cases pursued in fiscal year 2007, which ended last Sept. 30, resulted in 321 indictments and court orders for $595.9 million in restitution.
