Federal prosecutors in New York have formed a task force together with other government agencies to examine the collapse of the market for risky home loans, a spokesman for the U.S. Attorney's Office in Brooklyn said Monday.

The group is being run out of the federal prosecutors' office in Brooklyn, said Robert Nardoza, a spokesman for the office, formally known as the U.S. Attorney's Office for the Eastern District of New York.

The task force is working with representatives from the Federal Bureau of Investigation, the U.S. Postal Inspection Service, the U.S. Secret Service, the Federal Deposit Insurance Corp. and the U.S. Securities and Exchange Commission, Nardoza said.