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US sues Bank of America over 'toxic' mortgage scheme

Oct 25, 2012

US sues Bank of America over 'toxic' mortgage scheme

The US Justice Department is seeking $1 billion from Bank of America, alleging the bank committed fraud by selling defective mortgages from a programme it says was known within the bank as "the Hustle." #Bank of America #Freddie Mac #Fannie Mae #TheExplainer #mortgage loans
US to sue big banks over mortgage security : report

Sep 02, 2011

US to sue big banks over mortgage security : report

According to a report in the New York Times, the Federal Housing Finance Agency, which oversees mortgage giants Fannie Mae and Freddie Mac, is expected to file suit against Bank of America, JPMorgan Chase, Goldman Sachs and Deutsche Bank, among other banks. #Finance #Investment #NewsTracker #JPMorgan Chase & Co. #Goldman Sachs #Bank of America #Freddie Mac #Fannie Mae #Deutsche Bank AG

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US to sue big banks over mortgage security : report

Jul 24, 2014

Mortgage demand rising, Fannie Mae says; Freddie says rates unchanged

Consumer demand for home loans has strengthened modestly this year as the economy improved, a trend expected to continue, according to a Fannie Mae survey of senior mortgage lending executives...
US to sue big banks over mortgage security : report

Jun 26, 2014

Fannie, Freddie seeking out homeowners for HARP

The Chicago area has more HARP-eligible borrowers than any other metropolitan area in the country, according to FHFA criteria Fannie Mae and Freddie Mac are looking for more than 35,000 homeowners in the Chicago area that the enterprises say qualify ... #Freddie Mac #Fannie Mae
US to sue big banks over mortgage security : report

Jul 22, 2014

Complaint alleges discriminatory maintenance of foreclosed homes

A firm hired by Fannie Mae to maintain vacant, foreclosed properties in the Baltimore area systematically neglects homes in non-white neighborhoods, according to a discrimination complaint filed Tuesday with the U.S. Department of Housing and Urban D... #Freddie Mac #Fannie Mae