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Bank of America Found Guilty of Mortgage Fraud

Bank of America and Subsidiaries Found Guilty by Federal Jury of Mortgage Fraud A federal grand jury has found Bank of America and its subsidiary Countrywide guilty of mortgage fraud, which triggered the recession that started in 2008. The US Justice Department argued that Countrywide, which was purchased by Bank of America in 2008, … [Read more...]

Countrywide’s Legal Woes Continue

According to the Wall Street Journal, the federal investigation of Countrywide and what brought on the company’s collapse appears to be heating up. According to a WSJ article released Monday, federal criminal investigators tasked with examining what led to the collapse of Countrywide have been calling witnesses before a grand jury as part of their … [Read more...]

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