Salt Lake City, UT / January 29, 2008 / Press Release / --  At a press conference today in Washington, the FBI's Chief of Economic Crimes, Neil Power, announced an investigation and review of of subprime lenders, housing developers and Wall Street Firms that package loans as securities.  "We're looking at the accounting fraud that goes through the securitization of these loans," Powers said.  "We're dealing with the people who securitize them and then the people who hold them, such as the investment banks."

All across the nation both state and federal agencies along with private and public  sectors have sought to assign liability to criminal enterprises that have acted in a licensed real estate capacity but with little results.  "So often because the consumer signs their names to documents where real estate fraud exists they are viewed as a party to the transaction, instead of a victim of the transaction," says Sheri Fitzpatrick, President & CEO of Perfect Home Living INC, a nationally recognized non-profit that trains and educates on the harms of real estate fraud in today's market.  "Possibly now the playing field will be leveled and licensed parties of real estate transactions will be held accountable when they intentionally and maliciously cause consumers to lose homes, lifestyles and their way of life."

Statements released from Goldman Sachs Group INC., Morgan Stanley and Bear Stearns Cos state that they are working with regulators to comply with all requests for information pertaining to investment products that are linked to home loans.    

Assisting the efforts of the FBI is the Securities and Exchange Commission, which brings civil cases.  Currently the FBI has 1,210 pending mortgage-fraud cases officials said.  In the state of Utah if you are victim of real estate fraud or need housing assistance please contact the Utah "Don't Borrow Trouble Hotline at 866.217.1718.

About Perfect Home Living 

Perfect Home Living is a nationally recognized leader that assists in implementing programs and providing training and education to financial lenders , government entities, consumers and licensed professionals to red flags within today's  real estate market.   For more information or to request assistance please visit us online at:  http://www.PerfectHomeLiving.com