WASHINGTON — The Justice Department is renewing its efforts to stamp out mortgage fraud.
Operation Malicious Mortgage has yielded 406 arrests since March, though the F.B.I. just made the program public last week. Those arrested included industry borrowers, loan originators and real estate agents.
The alleged crimes included overstating the income of borrowers (the most frequent kind of fraud), using false employment records and fraudulently obtaining fees for foreclosure prevention. It is the department's third sweep aimed at mortgage fraud since 2004.
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