Monday, April 20, 2009

Unleash the Mortgage Police

Posted By:Sarah Reilly
Originally Posted By: Michael McAuliff

Chuck Schumer so likes the taste of one bit of federal pork he got, he wants the whole country to enjoy it.

The project in question is a $875,000 program he got funded for the Brooklyn DA to set up a unit of investigators to crack down on mortgage fraud by unscrupulous lenders.

At a time when millions of people across the country are desperate for mortgage help, they make easy prey for scammers, the senator reasons. So Schumer is proposing a bill to spend $100 million for prosecutors all over to hire investigators, forensic accountants, and attorneys dedicated to real estate con artists.

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