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Mortgage fraud bill introduced in the Senate.

Publication: Mortgage Banking
Publication Date: 01-APR-06
Format: Online
Delivery: Immediate Online Access
Full Article Title: Mortgage fraud bill introduced in the Senate.(Briefing Book)

Article Excerpt
A bill introduced in the Senate would provide the first federal definition of mortgage fraud, as well as criminalize the fraudulent activities.

The bill, S. 2280, the Stopping Transactions which Operate to Promote Fraud, Risk and Underdevelopment Act (STOP FRAUD Act), was introduced Feb. 14 by Sen. Barack Obama (D-Illinois).

Among other provisions, the...

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