FBI Investigating 14 Companies in Mortgage Securitization Fraud

Market Watch is reporting that the FBI is scrutinizing 14 companies related to the mortgage industry at all levels of the securitization process as part of their investigation in to the mortgage meltdown.  Agents are looking into allegations of fraud in several stages of the mortgage securitization process, in which home loans are packaged up by investment banks and sold as securities to institutional investors, Brian Hale, an FBI spokesman explained. He declined to name the companies being investigated. Housing Wire has some additional information on the FBI's mortgage company investigation which has yet to name any company names. The FBI is the latest to get in to the investigation act and I would suspect that we will see many more of these over the next year and a half.  Housi