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NV Mortgage Fraud Investigation Team Doubles

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(photo: istock)

(photo: istock)

CARSON CITY, Nev. (AP) — Nevada Attorney General Catherine Cortez Masto is doubling size of a mortgage fraud investigation team, even while the department is cutting its budget by nearly 30 percent.

She’s using federal funds to hire two prosecutors and four investigators to handle thousands of complaints against more than 200 companies accused of loan schemes or predatory lending. Nevada was the state hardest-hit by the foreclosure crisis.

Copyright 2011 The Associated Press.

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