Using Racketeering Law To Recoup Fraud Losses

The attached article outlines the additional steps that lenders are taking to recover losses they've incurred from this downturn in the real estate market. For those JMO readers that have been with us for a while, you will recall that I warned of this several months ago. Actions like this are last-ditch efforts on the part of the lenders to do the due diligence/compliance AFTER the fact.