Bank of America Agrees to Record Mortgage Fraud Settlement

Justice Department and Bank of America Agree to  $17 Billion Mortgage Fraud Settlement Bank of America agreed to a mortgage fraud settlement on mortgage fraud charges brought by the US Department of Justice for $17 billion, a historic settlement amount against a large bank. The mortgage fraud settlement resolves mortgage fraud charges stemming … [Read more...]

Citi to Pay $7 Billion in Mortgage Fraud Settlement

CitiGroup, DOJ, Settle Mortgage Fraud Claims for $7 Billion CitiGroup and the US Department of Justice have settled mortgage fraud claims on Monday, July 14th, with the bank agreeing to pay $7 billion. The company agreed to the settlement with the DOJ to settle claims that it backed bad mortgages during the lead-up to the financial crisis in … [Read more...]

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