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Mortgage Abuses

BofA To Pay Fannie Mae Billions Over Shoddy Mortgages

Posted 01.08.2013 | Business

CHARLOTTE, N.C. — Bank of America says it will spend more than $10 billion to settle mortgage claims resulting from the housing meltdown. Under t...

Foreclosure Deal Would Give States Future Authority To Punish Firms

Reuters | Posted 04.02.2012 | Business

* States can seek future penalties up to $5 million-documents * Settlement will last for 3-1/2 years * States face end-...

Fannie Mae Internally Reported Foreclosure Abuses In 2006

Posted 05.25.2011 | Business

Fannie Mae was warned in a 2006 internal report of abuses in the way lenders and their law firms handled foreclosures, The Wall Street Journal reporte...