9/03/2011

U.S. Sues 17 Big Banks Over Mortgages



Πηγή: FoxBusiness
By Ronald D. Orol
September 02, 2011


WASHINGTON -- A federal U.S. agency on Friday afternoon sued seventeen major banks, arguing that they misrepresented the quality of mortgage securities they put together and sold in the run-up to the bursting of the housing bubble. The Federal Housing Finance Agency sued the banks over soured mortgages including charges against Bank of America Corp. over $6 billion in soured mortgages. It also sued Citigroup Inc. [S: C] over $3.5 billion in mortgages, Barclays over $4.98 billion in loans.
.

No comments:

Post a Comment