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Government fraud case against Bank of America officially dead

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Mortgage Professional America | 29 Nov 2016, 08:15 AM Agree 0
The government has officially lost a case accusing Bank of America’s Countrywide unit of knowingly selling toxic mortgage bonds
  • Gary Heinecke | | 29 Nov 2016, 03:31 PM Agree 0
    Sure that was the big banks biggest scam to blame Countrywide who was a mortgage brokers wholesaler and rates ALWAYS beat the banks.
    AMAZING WHAT LOBBYISTS PULLED OFF ALONG WITH THE "Dodd Frank ". By the way does anyone ever cover the fact that Barney Frank owns an AMC. How much did appraisals cost before the government stepped in with this bill and what a conflict this was. The biggest scam for the banks and the government to steal people's equity and blame the brokers. Amazing how banks were lent money for nothing by the Feds and that big banks do not have same rules as everyone else . The CFPB was put in place to "protect the public" yet how much of the funds recovered on the nonsense actual went back to the public and how much to the government.
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