Relevant:
- Bank of America Sued for Alleged Countrywide "Hustle" Loans
- DeMarco's days may be numbered and yet he takes a swat at BofA
- 'Massive fraud' at center of trial against BofA over U.S. mortgages
- Bank of America liable for Countrywide "Hustle" mortgages fraud
- Bank of America wins reversal of $1.27 billion penalty in Countrywide "Hustle" mortgage case
2012-10-29 — bloomberg.com
``The Justice Department's complaint alleges that from 2007 through 2009 --- pay close attention to those years -- Countrywide implemented a new mortgage-origination process it called the "Hustle." The complaint says the program generated thousands of fraudulent loans that were sold to Fannie and Freddie and later defaulted, causing the companies more than $1 billion in losses.''
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.