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Mortgage fraud bill introduced in the Senate.(Briefing Book)

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Publication: Mortgage Banking
Publication Date: 01-APR-06
Delivery: Immediate Online Access
Author:

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 STOP FRAUD...

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