Friday, October 26, 2007

Mortgage Fraud

This week, Governor Huntsman announced the creation of a new Mortgage Fraud Task Force in conjunction with the US Attorney. Unfortunately, Utah recently ranked as the top state for mortgage fraud. A similar task force was convened in Texas last month. The partnership "is intended to improve collaboration among residential mortgage regulators and law enforcement officials." The Texas AG's site outlines some of the scams that exist. HB25 in the last legislative session focused on mortgage fraud, but did not pass. Here is the House floor discussion on the topic.

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