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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

Sep 28, 2014

Fannie, Freddie urged to adopt more up-to-date credit scoring models

Are the two biggest players in the American mortgage arena — Fannie Mae and Freddie Mac — needlessly preventing millions of African Americans, Latinos and young consumers from qualifying for a loan because they don't have a FICO credit score... #Freddie Mac #Fannie Mae #FICO
US to sue big banks over mortgage security  report

Sep 25, 2014

What You Need To Know About Fannie Mae Mortgages

Considering a Fannie Mae mortgage loan? Here's what you should know, from size limits and rates, to required documents... #Freddie Mac #Fannie Mae #FICO
US to sue big banks over mortgage security  report

Sep 22, 2014

The Fed's Schizophrenia

Last week the Federal Reserve decided to curtail its purchases of securities after October bringing to an end its long experiment with quantitative easing (QE), presumably because it is more bullish on the economy. But the Fed also said it will conti... #Freddie Mac #Fannie Mae #Federal Reserve #Government-sponsored enterprise