- Banned
- #1
So, Countrywide and BOA gave a crapload of mortgages to people, knowing that there was no way they would be able to pay, and then sold them to Fannie Mae and Freddie Mac without mentioning the fact that the mortgages were bad.
Yep, that would be mortgage fraud, pure and simple.
So, who's going to jail?
US suit cites ‘brazen’ mortgage fraud at Countrywide, even after Bank of America purchase - The Washington Post
Yep, that would be mortgage fraud, pure and simple.
So, who's going to jail?
US suit cites ‘brazen’ mortgage fraud at Countrywide, even after Bank of America purchase - The Washington Post