Tag Archive | Countrywide
US sues Bank of America for $1B for mortgage fraud | THE JEENYUS CORNER
THE JEENYUS CORNER NEW YORK (AP) — The top federal prosecutor in Manhattan sued Bank of America for more than $1 billion on Wednesday for mortgage fraud against Fannie Mae and Freddie Mac during the years around the financial crisis. U.S. Attorney Preet Bharara said Countrywide Financial, which was later bought by Bank of America, […]
Countrywide issued VIP loans to buy influence, report says
By Les Christie and Rebecca Stewart, NEW YORK (CNNMoney) — Countrywide Financial, once the nation’s largest mortgage lender, bought influence on Capitol Hill by issuing hundreds of sweetheart loans for members of Congress, their staffs and other government employees, according to a report issued by the House of Representatives Thursday. The three-year investigation, which was […]
