Of the 84 people who have been charged since the task force was formed, 60 have been convicted, said Acting U.S. Attorney Robert S. Cessar at a news conference Thursday.
The task force's case against Pittsburgh Home Loans
led to the arrests of the broker, the closing attorney, a bank employee who was falsifying records, a closing agent, a loan officer and an appraiser.
Four of those six have pleaded guilty to charges involving more than 100 fraudulent loans, Mr. Cessar
believes the local task force will have much work to do for years: "It's cyclical."