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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

Aug 22, 2014

Goldman to Pay $3.2B over U.S. Mortgage Bond Claims

Goldman Sachs has agreed to pay $3.15 billion to resolve claims that it misled U.S. mortgage giants Fannie Mae and Freddie Mac about risky mortgage securities it sold them before the housing market collapsed in 2007... #Goldman Sachs #Freddie Mac #Fannie Mae
US to sue big banks over mortgage security : report

Aug 23, 2014

Goldman to Pay $3.15 Billion to Settle Mortgage Claims

Goldman had been accused of unloading low-quality mortgage bonds onto Fannie Mae and Freddie Mac in the run-up to the financial crisis... #Freddie Mac #Fannie Mae #Wall Street #Federal Housing Finance Agency
US to sue big banks over mortgage security : report

Aug 12, 2014

Goldilocks and the Perfect FICO Score

While many Wall Street analysts and economists will go right to the Profit and Loss Statement when mortgage funding behemoth Fannie Mae posts quarterly earnings,  I speed past the financial results and the balance sheet and go right to the credit sup... #Wall Street #Fannie Mae #FICO
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