"Aggravating the larger financial crisis, rampant mortgage fraud in the mid-2000s devastated communities and caused billions of dollars in losses for homeowners, taxpayers and lenders. To hold accountable those who helped bring about the crisis, and to prevent another from happening, President Obama established the Financial Fraud Enforcement Task Force (FFETF) in November 2009. The task force is improving efforts across the government and with state and local partners to investigate and prosecute significant financial crimes, ensure just and effective punishment for those who perpetrate financial crimes, recover proceeds for victims and address financial discrimination in the lending and financial markets. The Executive Order establishing the FFETF recognizes that enforcement and regulatory agencies cannot address the problem without coordination and participation of lenders, community groups and others."
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Mortgage Fraud Suspicious Activity Report (SAR) Data. No author.
Retrieved 08:57, May 24, 2013 (UTC).
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