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AIR DATE: December 2, 2005

In the last five years mortgage fraud resulted in 8 billion dollars in Government fines. Only 20 percent of the cases are of the old fraud-for- housing style, in which a person falsifies personal documents so that they can achieve the American dream. Most mortgage fraud now, say the FBI, is fraud-for-profit. KNPRÂ’s Ky Plaskon took a look at the governmentsÂ’ local mortgage fraud initiative.
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