All posts tagged mortgage securities


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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California, U.S., 12 states sue S&P for using ‘magic numbers’ to inflate mortgage-backed securities’ ratings

CALIFORNIA OFFICE OF THE ATTORNEY GENERAL - Attorney General Kamala D. Harris on Feb. 5, filed a lawsuit against one of the nation’s major credit rating companies for


Treasury nets $25 billion in mortgage-backed securities

Chalk another economic one up for the Obama Administration. Remember how those toxic mortgages were bundled as securities and sold as investments to many poor saps before many of


D.C.’s Theater of the Absurd: SEC sues former Fannie, Freddie execs for mortgage securities fraud

While taxpayers were pumping $150 billion into Fannie Mae and Freddie Mac to rescue them from collapse, Fannie and Freddie executives allegedly lied to investors, the public and


Avowed 1%er Schiff gives mortgage-backed securities a pass

When Peter Schiff recently chastised Wall Street Occupiers for pointing the finger at the financial industry's role in the broken economy, he ironically blamed unresponsive federal regulators for

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