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A bill to establish in the Federal Bureau of Investigation the Nationwide Mortgage Fraud Coordinator to address mortgage fraud in the United States, and for other purposes was passed on Tuesday (9/22/08) by 352 votes for to 20 against and will now go before the Senate. To read the bill and follow its progress To view links in this forum your post count must be 10 or greater. Your post count is 0 momentarily.

The following is a summary of the Bill as taken from To view links in this forum your post count must be 10 or greater. Your post count is 0 momentarily.:
“Nationwide Mortgage Fraud Task Force Act of 2008 - Establishes in the Federal Bureau of Investigation (FBI) a Nationwide Mortgage Fraud Task Force to: (1) establish regional branches in the 10 states with the highest concentration of mortgage fraud; (2) establish coordinating entities, and solicit the voluntary participation of federal, state, and local law enforcement and prosecutorial agencies, to organize initiatives to address mortgage fraud; (3) train such agencies; (4) collect and disseminate mortgage fraud data; and (5) perform other related functions. Authorizes the Task Force, including its regional branches, to perform other functions as well, including: (1) initiating federal mortgage fraud investigations and coordinating state and local investigations; (2) establishing a toll-free hotline; and (3) creating a database of mortgage industry license suspensions and revocations.”


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