Washington, D.C. (AP) - A federal law enforcement official says the
FBI is in the initial stages of trying to determine whether the
financial industry may have broken criminal laws in the mortgage
The law enforcement official says the FBI is at the start of a
lengthy sorting-out process in which agents will look into what
caused the financial institutions to mishandle the flood of
paperwork in the historic avalanche of foreclosures.
The official says the question is whether financial institutions
were acting with criminal intent or were simply overwhelmed by
events in the wake of the housing market's collapse. The official
spoke on condition of anonymity because the investigation is just
getting under way.
(Copyright 2010 by The Associated Press. All Rights Reserved.)