All posts tagged mortgage fraud

brokenbank

Department of Justice sues Bank of America for $850 million in investor fraud case

The United States has filed a civil lawsuit against Bank of America for investor fraud. The complaint alleges that BofA lied to investors about the relative riskiness of the mortgage loans backing the securities and falsified statements about the investments, among other charges.

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mortgagesettlement

National Mortgage Settlement compliance failures laced with 60,000 consumer complaints

Consumer advocates already knew banks were failing to comply with provisions of the $25 billion National Mortgage Settlement, an agreement between mortgage lenders, states and the federal government

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