Lawyers have already collected large settlements on behalf of stockbrokers, loan agents and other white-collar employees traditionally considered to be part of management.

FORBES: Court Rebuffs Labor Dept. On Sales Rep Overtime

"Of course, he used the standard line of agents and loan offices: 'You can always refinance in two years, ' " she said.

FORBES: Where Were The Realtors?

Among those charged this afternoon in New York are seven mortgage brokers, three real estate agents, three lawyers and two loan officers.

FORBES: Feds In Big Push Against Reputed Mortgage Scammers In NYC Area