Mortgage fraud summit in Phoenix
U .S. Attorney General Eric Holder will be in Phoenix Thursday for a Mortgage Fraud Summit. The event is part of the Financial Fraud Enforcement Task Force formed by President Obama last year.
The Phoenix event will be the second summit for the task force. The first was held in Miami in February of this year.
Mortgage fraud began to plague Phoenix’s housing market during the boom when illegal cash-back deals were happening in almost every neighborhood. Now, most fraud schemes in the Valley involve foreclosures.
A diverse group of Arizona market watchers, fraud experts, state and federal regulators and prosecutors as well as …
