The FBI is fanning out across New York City to arrest dozens of people linked to mortgage fraud scams.

Numerous mortgage brokers, real estate agents and lawyers are believed to be among those being taken into custody.

The investigation — dubbed “Operation Stolen Dreams” – coincides with a recent nationwide crackdown on mortgage fraud suspects with results expected to be announced by U.S. Attorney General Eric Holder in Washington later Thursday.

U.S. attorney Preet Bharara and other New York law enforcement officials are also expected to announce the dozens of city arrests at a news conference. And the U.S. attorney in Connecticut is also expected to announce criminal charges resulting from three separate mortgage-fraud investigations there.

These arrests come one day after FBI agents in New Jersey arrested dozens of people there on similar mortgage-fraud related charges.

In New York, many of the arrests and FBI searches are taking place in numerous Queens neighborhoods that were hit hard by the mortgage meltdown.

Secret Service agents and postal inspectors are also assisting in the investigation.

The suspects are expected to appear in federal court in Manhattan Thursday afternoon.

(Source: NBC New York)