Feds Begin Announcing Mortgage Fraud Takedowns Around The Country

The Feds have begun announcing their major mortgage fraud takedowns around the country. The operation, dubbed "Operation Stolen Dreams", has involved 1,215 criminal defendants nationwide in the sweep that began in March responsible for more than $2.3 billion in losses to banks and mortgage companies, according to published reports. For a sampling, see:

• Pittsburgh: Mortgage Fraud Task Force Announces Regional Results Of "Operation Stolen Dreams" Targeting Mortgage Fraudsters,
• Chicago: 17 Defendants Charged in Seven Separate Mortgage Fraud Cases As Part of Nationwide Operation Stolen Dreams,
• Cleveland: Twenty-six people charged or pleaded guilty in Northern Ohio as part of Operation Stolen Dreams,
• Cleveland: Financial fraud enforcement task force announces regional results of “Operation Stolen Dreams” targeting mortgage fraudsters,
• San Antonio: Federal Charges Filed In Operation Stolen Dreams,
• Charlotte: Financial Fraud Enforcement Task Force Announces Regional Results Of 'Operation Stolen Dreams' Targeting Mortgage Fraudsters,
• Palm Springs: Palm Springs loan processor convicted, ordered to pay $42 million,
• Los Angeles: Regional Law Enforcement Joins Together In Crackdown On Mortgage Fraud, With Several Dozen Being Named In Criminal And Civil Actions Filed In Federal Court,
• Los Angeles: Joint Federal-State Investigation Leads To Indictments Naming 14 Linked To Mortgage Fraud In Ventura County,
• New Haven: Trumbull lawyer one of 15 charged in mortgage fraud,
• Alexandria: U.S. Attorney MacBride Announces Results Of "Operation Stolen Dreams" Targeting Mortgage Fraudsters,
• Miami/Ft. Lauderdale/West Palm Beach: 86 South Florida Residents Charged With a total Of $76 Million In Mortgage Fraud In "Operation Stolen Dreams”,
• Las Vegas: 123 Charged in Las Vegas in Mortgage Fraud Crimes,
• Birmingham: National Mortgage Fraud Sweep Takes In Two Birmingham Fraud Rings (involves 16 people and 125 Birmingham-area properties and accounted for $4 million in losses to banks),
• Phoenix: AZ Attorney indicts 38 on mortgage fraud,
• Sacramento: Three Bakersfield Residents Charged With Conspiring To Defraud Lenders In Mortgage Fraud Scheme,
• Sacramento: Owner, Employees And Customers Of Elk Grove's Liberty Mortgage Company Indicted For Roles In Multi-Million Dollar Mortgage Scam,
• Newark: Twenty-Eight Charged In Coordinated Mortgage Fraud Takedown In Northern New Jersey (Defendants from Eight Counties Allegedly Attempted to Defraud Lenders out of $5.5 Million),
• NYC/Manhattan: Manhattan U.S. Attorney Charges New Jersey Woman With $45 Million Real Estate Investment Ponzi Scheme,
• NYC/Manhattan: N.Y. man pleads guilty to subprime mortgage fraud,
• Detroit: Seven Metro Detroiters accused in $100 million mortgage fraud case,
• Tampa: House flipper Sonny Kim to plead guilty to money laundering, fraud.