Ghost Loan Scheme News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stolen dreams. in landed the seizure of $11 million. 500 people across the nation have been arrested. two women in miami running a $4.4 million scheme. several people in detroit alleged to be on a ghost loan scheme. and also a prominent builder in chick co, california, for supposedly offering bogus sales rebates. the government will use every law enforcement tool available to prosecute anyone preying on homeowners. we know that mortgage fraud ruins lives. it destroys families. and devastates whole communities. so attacking the problem from every possible angle is absolutely vital. these schemes are despicable. they are dangerous to our economy and they will simply not be tolerated. federal trade commission also ordered a ban on 16 companies from selling mortgage relief services. again, clyde anderson, our financial analyst with us. they sound specific here. they re not just saying look out for this, look out for that. ....

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