CULTURE OF CORRUPTION: “Countrywide Financial Corp. gave discount loans to former and current members of the U.S. Congress and executives at government-sponsored Fannie Mae (FNMA) as it lobbied to scuttle legislation that would have diminished its sale of sub-prime mortgages.” Plus, from Angelo Mozilo: “Don’t worry” about the credit score. The motto of our ruling [...]
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WASHINGTON -- Bank of America Corp. said Monday it had agreed to pay more than $10 billion to Fannie Mae to settle claims related to troubled mortgages sold largely by Countrywide Financial Corp. during the subprime housing boom. Read Post
The federal government has filed another mortgage-fraud lawsuit against Bank of America, contending that defective loans generated by the bank's Countrywide Financial Corp. subsidiary caused mortgage finance giants Fannie Mae and Fr... Read Post
Countrywide bribed Fannie Mae and Freddie Mac senior executives with "VIP" mortgage loans. Just another perk of being in the American Dream business. Join the conversation about this story » Fannie Mae - Freddie Mac - Bank of Americ... Read Post