From March 1 to June 18, 2008, Operation Malicious Mortgage resulted in 144 mortgage fraud cases in which 406 defendants were charged. Yesterday, 60 arrests were made in mortgage fraud-related cases in 15 districts. Charges in Operation Malicious Mortgage cases were brought in every region of the United States and in more than 50 judicial districts by U.S. Attorneys’ Offices based upon the law enforcement and investigative efforts of participating law enforcement agencies. The FBI estimates that approximately $1 billion in losses were inflicted by the mortgage fraud schemes employed in these cases.

They're about 4 years late on starting this one. And luv the name! What's next? Operation Gang Bang going after porn people? How about Operation Executive Decision going after the White House for violating their oaths of office?

Federal Bureau of Investigation - Operation Malicious Mortgage