The Nation - News from Jan. 22, 1986
- Share via
A federal home mortgage program appears fraught with fraud involving tens of millions of dollars in property loans for which the government could be liable. Housing and Urban Development Department officials, who conducted an investigation last year, said the fraud occurred in several cities and appears to involve a pattern of falsification of loan applications by real estate investors and industry officials, according to the New York Times.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
