In the wake of the recession and sharp downturn in the housing market, the United States Attorney’s Office has devoted significant resources on investigating and prosecuting mortgage fraud. Wyatt and Blake have represented numerous professionals in connection with mortgage fraud investigations, including attorneys, appraisers, real estate agents, bankers, mortgage brokers, builders, developers, and individuals who merely bought and/or sold property. In these investigations, the Government often focuses on whether misrepresentations have been made on loan applications or appraisals, and whether disbursements have occurred at closing (or thereafter) that were not consistent with the disbursements specified on the HUD-1 closing statement. The criminal penalties for mortgage fraud can be very significant as sentences are tied to, among other things, the amount of the financial loss sustained by the financial institutions involved. Thus, it is very important for individuals who are being investigated on charges of mortgage fraud to obtain representation before a charging decision is made.