Sunday, March 23, 2014

In Letter to AG, Senator Warren and House Leaders Urge Vigorous Prosecution of Mortgage Fraud

In a letter to U.S. Attorney General Eric Holder, Senator Elizabeth Warren (D-MA), House Financial Services Committee Ranking Member Maxine Waters (D-CA) and Oversight and Government Reform, Committee Ranking Member Elijah Cummings (D-MD) expressed concern that the investigation of mortgage fraud has not been a top priority for the DOJ and that DOJ has publicly and repeatedly reported inaccurate statistics regarding its efforts to prosecute mortgage fraud cases. In the letter to the AG, they requested a meeting to review a recent report by the DOJ’s Inspector General finding that in many instances the investigation of mortgage fraud was not a top priority at the DOJ and to understand the steps that will be taken to ensure that DOJ’s effort to identify and prosecute those responsible for fraudulent mortgage practices is equal to the harm caused by those practices.