Brooklyn Congressman allegedly covered up his involvement in mortgage scandal
A Brooklyn congressman that went after Countrywide’s controversial mortgage lending practices allegedly benefited from a home loan from the...
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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...
AIG sues BofA for $10B over bad mortgages
AIG is seeking more than $10 billion in damages from Bank of America alleging the bank misrepresented the quality of mortgages it sold to investors, Reuters reported. It could be just the first of...
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,...
Fannie employees accepted discount Countrywide loans, documents show
Countrywide Financial is under fire for allegedly giving preferential loans to numerous Fannie Mae employees during the run-up to...
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...