Commission Participates in Loan Fraud Conference

Real Estate Commission Chairman Matthew J. “Rick” Watts, Deputy Legal Counsel Janet B. Thoren and Chief Auditor/Investigator Michael B. Gray participated with representatives of state and federal law enforcement and regulatory agencies in a working meeting concerning real estate mortgage fraud and a press conference in Charlotte recently.

Hosted by the U.S. Department of Justice through the U.S. Attorney’s office for the Western District of North Carolina, participants discussed coordinated state and federal efforts to combat the growing problem of fraudulent mortgage activity in the state.

Watts announced at the press conference that the Commission will ask the General Assembly for legislation strengthening the hands of state law enforcement and prosecutors in obtaining convictions and increasing penalties for promoters convicted of mortgage loan fraud.