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Bank of America escapes $1.3B mortgage fraud penalty

Bank of America escapes $1.3B mortgage fraud penalty

From the New York website: Bank of America is off the hook for a $1.27 billion fraud penalty for...

Bank of America escapes $1.3B mortgage fraud penalty
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U.S. Attorney alleges Bank of America defrauded Fannie and Freddie

The U.S. Attorney for the Southern District of New York is suing Bank of America for $1 billion —...

U.S. Attorney alleges Bank of America defrauded Fannie and Freddie
BofA pays record $335M for Countrywide’s discriminatory lending

BofA pays record $335M for Countrywide’s discriminatory lending

The latest disastrous turn in Bank of America’s acquisition of Countrywide Financial has the nation’s second largest lender paying...

BofA pays record $335M for Countrywide’s discriminatory lending
Audit suggests BofA should face fraud claims related to Countrywide loans

Audit suggests BofA should face fraud claims related to Countrywide loans

Bank of America should face fraud claims because its Countrywide unit submitted faulty data in claims for reimbursement of...

Audit suggests BofA should face fraud claims related to Countrywide loans
Bank of America reaches $8.5 billion settlement over bad mortgages

Bank of America reaches $8.5 billion settlement over bad mortgages

Bank of America agreed to pay $8.5 billion to investors nationwide to settle claims that it sold bad mortgages,...

Bank of America reaches $8.5 billion settlement over bad mortgages
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Fannie employees accepted discount #000;background:#ff66ff”

Countrywide Financial is under fire for allegedly giving preferential loans to numerous Fannie Mae employees during the run-up to...

Fannie employees accepted discount #000;background:#ff66ff”
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More homeowners in trouble due to lost income

The latest wave of troubled American homeowners is a surge of people in financial danger not because of reckless...

More homeowners in trouble due to lost income
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