Ariz. AG gets $1.7M grant to fight mortgage fraud

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By Catherine Holland By Catherine Holland

PHOENIX (AP) -- The Arizona Attorney General's office will create a six-person mortgage fraud investigation and prosecution unit using a $1.7 million federal grant.

Attorney General Terry Goddard says the unit will allow his office to go after more mortgage "rescue" businesses that exploit consumers struggling to keep their homes.

In the past three years, Goddard's office has done several dozen criminal and civil investigations of mortgage fraud, leading to 13 indictments and 19 lawsuits or settlements.

The money comes from the U.S. Department of Justice.

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