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Does anyone go to prison for federal mortgage fraud? Not many, the numbers suggest

  • Written by Jay L. Zagorsky, Associate Professor Questrom School of Business, Boston University
Does anyone go to prison for federal mortgage fraud? Not many, the numbers suggestGo directly to jail? Not quite.Sergey Chayko/Getty Images Plus

Mortgage fraud is back in the news. Lisa Cook, a Federal Reserve governor, is being investigated by the Department of Justice for allegedly making false statements when applying for a mortgage. Members of Donald Trump’s Cabinet are accused of similar wrongdoings. Could any of...

Read more: Does anyone go to prison for federal mortgage fraud? Not many, the numbers suggest

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