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41 People In 4 States, Including NC, Charged In Mortgage Fraud

 Chelsi Zash    Created:  10/15/2009 1:54:37 PM  Updated: 10/15/2009 1:57:48 PM
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New York -- Federal authorities have charged 41 people in a mortgage fraud involving tens of millions of dollars.

Thirty-one people have been arrested in New York, Pennsylvania, Ohio and North Carolina.

They are among 41 people charged with engaging in mortgage fraud scams that defrauded lenders out of more than $64 million in home mortgage loans.

Of the 10 other defendants, one was expected to surrender later Thursday, four were previously charged and five remained at large.

The defendants include lawyers, loan officers, mortgage brokers, an accountant and a residential property appraiser.

AP



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