Government Steps Up Its Mortgage Fraud Probe

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Byline: Jerry Seper, THE WASHINGTON TIMES

The Justice Department has expanded its ongoing effort to uncover the mortgage fraud and abuse that helped precipitate the 2008 financial crisis, offering substantial financial help to corporate insiders willing to serve as whistleblowers.

The department's Residential Mortgage-Backed Securities (RMBS) working group announced new resources Thursday in an ongoing effort to investigate misconduct, including the launch of a website to report fraud, the creation of a coordination team to facilitate investigations under way around the country, and a solicitation of insiders to help in those probes.

The RMBS website is a …