Earlier this month, three defendants in New York were charged with engaging in a mortgage modification scheme that defrauded over 8,000 homeowners in all 50 states out of over $18.5 million, in what is believed to be the largest mortgage modification scheme ever charged.
For the story, see http://nationalmortgageprofessional.com/news50934/Loan-Mod-Scheme-Netting-18.5-Million-From-8%2C000-Plus-Victims-Taken-Down
For the story, see http://nationalmortgageprofessional.com/news50934/Loan-Mod-Scheme-Netting-18.5-Million-From-8%2C000-Plus-Victims-Taken-Down