DOJ loses another top cop on mortgage fraud

The Department of Justice is about to lose another one of its top cops in its fight against mortgage fraud.

The DOJ announced Friday that John Walsh, the U.S. Attorney for the District of Colorado and the co-chair of the DOJ’s Residential Mortgage-Backed Securities Working Group, is stepping down, effective Aug. 10, 2016.

According to the DOJ, Walsh served as U.S. Attorney for more than six years, making him the longest serving Colorado U.S. Attorney since the 1980’s.

He was appointed to his position by President Barack Obama and confirmed unanimously by the United States Senate, beginning his term with the DOJ on Aug. 10, 2010.

According to Attorney General Loretta Lynch, Walsh played a key leadership role in securing a $7 billion settlement with Citigroup over residential mortgage-backed securities and collateralized debt obligations.

“U.S. Attorney John Walsh has served the people of the District of Colorado and the entire nation with extraordinary distinction,” Lynch said.

Read on.

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