FBI Mortgage Fraud Crackdown

YouTube 06/19/2008 05:31 PM
FBI Mortgage Fraud Crackdown - USA - crime - Mortgage - fraud - FBI

More than 400 real estate industry players have been indicted since March - including dozens over the last two days - in a Justice Department crackdown on incidents of mortgage fraud nationwide.

CBS News: Bob Orr reports.
AP Raw Video: Ex-Bear Stearns Execs Surrender
Two former Bear Stearns managers were arrested Thursday on charges linked to
the collapse of a hedge fund that bet heavily on subprime mortgages before the market collapsed.

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