Federal Task Force Eyes Mortgage Lenders
By Associated Press | May 6, 2008
Federal authorities, responding to the subprime-mortgage crisis, have formed a special task force to examine potential fraud by lenders.
The task force will be headed by prosecutors in the Eastern District of New York, where one of the nation's top mortgage lenders went bankrupt last year amid the housing market woes.
A spokesman for the U.S. Attorney's office in Brooklyn, Robert Nardoza, confirmed a report yesterday that a task force comprised of federal, state, and local agencies would focus on the activities of mortgage lenders and Wall Street firms. He declined to give further details.
