Housing Market Primed for Mortgage Fraud

In a speech last month, Mueller said, "We likely will see more corporate fraud cases in the months to come because of the ripple effect of the subprime crisis and its impact on the credit market. We are targeting accounting fraud, insider trading and deceptive sales practices. These investigations may well lead to other instances of fraud, from investment banks and private equity firms to hedge funds."

The FBI currently has about 200 agents working more than 1,300 mortgage fraud investigations, has set up task forces across the country, and is working with the Justice Department's Mortgage Fraud Working Group.

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