Subscribe
Business

Court rules for gov’t in mortgage fraud case

By Washington Examiner
Published
Add Washington Examiner on Google

WASHINGTON (AP) — The Supreme Court has clarified how restitution must be computed in mortgage fraud cases.

The justices in a unanimous decision Monday said that restitution to a bank that has been defrauded must be calculated based on the value of property when it is actually sold, and not the earlier date on which the bank forecloses on the property.

Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.