TRAC, the Transactional Records Access Clearinghouse at Syracuse U., reports that the DOJ has recently created a category to track current federal efforts to criminally prosecute cases of mortgage fraud. The federal government reports filing 151 criminal mortgage fraud prosecutions in the first ten months of FY 2008. Because of natural court delays, however, the government said that only 37 cases of this type were completed in the same ten-month period. In the months to come, TRAC will be providing regular updates on every referral acted upon by each U.S. Attorney's Office and what the ultimate outcomes are.
Hat tip: beSpacific