If you're a banker who bought your estate with the millions you made from mortgage fraud, relax. The Justice Department isn't looking for you. But if you're an illegal immigrant who's working on that banker's estate, look out. The Department of Justice is ignoring your boss and devoting most of its resources to catching you.
And the Justice Department's "mortgage fraud" unit doesn't prosecute bankers. It protects them.
Joe Nocera of the New York Times contrasts the legal treatment that was given to one high-flying borrower with that received by Angelo Mozilo, CEO of the fraudulent lender Countrywide. But if stories like this one are bad, the numbers are even worse.
If you also take a qualitative look at some of the Federal government's other well-publicized mortgage fraud efforts, like its "Stop Fraud" website, the picture becomes pretty stunning - if not downright infuriating..
Justice by the Numbers
The TRAC group  at Syracuse University gets information from the Justice Department under the Freedom of Information Act, then analyzes it and makes it available online as an interactive database. Here are some interesting findings:
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