Federal Task Force Eyes Mortgage Lenders
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
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.
