FLASH: FBI arrests over 300 realtors and mortgage brokers in mortgage fraud sweep. FINALLY!!! And only another million or so to go...

And after they're done arresting the realtors and mortgage brokers, they can move on to the millions of mortgage fraudsters. I think Casey Serin might still be in the country.

And then... of course... they can put the kingpin himself into the paddy wagon..

Angelo Mozilo - they're coming to get you!

(UPDATE: New classic frog-march image from today's headline story on HuffPo. FBI release here. Frog-march video here)

Hundreds swept up in mortgage fraud arrests

WASHINGTON - The FBI says it has arrested about 300 real estate brokers since March — including dozens over the last two days — in its crackdown on incidents of mortgage fraud that have contributed to the country's housing crisis.

One law enforcement official put the losses to homeowners and other borrowers who were victims in the schemes at over $1 billion.

The Justice Department and FBI plan to announce the recent arrests — including apprehensions in Chicago, Atlanta, Miami, and suburban Maryland — at a news conference set for Thursday afternoon in Washington.

Two former Bear Stearns managers in New York were also included in the sweep, becoming the first executives to face criminal charges related to the collapse of the subprime mortgage market.