Relevant:
- Mortgage analysis: Is the industry losing the battle against fraud?
- Arizona AG receives $1.7 million to fight mortgage fraud
- Citigroup in $590 Million Settlement of Subprime Lawsuit
- GE Will Seek Buyer for Subprime Unit After Defaults
- 40 State Attorneys General to Investigate Mortgage Fraud; Bank of America Halts Evictions Nationwide; Senator Reid Calls for More Suspensions
2012-01-20 — iwatchnews.org
``Federal authorities are investigating possible fraud at General Electric Co.'s former subprime mortgage arm amid increased public pressure to hold Wall Street accountable for its role in the financial crisis... ``It's mostly about: Did they knowingly sell mortgages into the secondary market that they knew were fraudulent?'' said one person with direct knowledge of the investigation.''
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