(Source: New York Times) – Neither Congress, nor federal regulators, nor state or federal prosecutors have yet to conduct a thorough investigation into the mortgage bubble and financial bust. We welcomed the news that the Justice Department is investigating allegations [...]
(Source: Reuters By Kevin Plumberg) – BlackRock, the world’s largest money manager, is looking for opportunities to buy U.S. mortgage agency debt in the wake of Standard & Poor’s downgrade of the U.S. sovereign rating, said Rick Rieder, the firm’s [...]
(Source: Reuters By Jonathan Stempel) – The insurer AIG is suing Bank of America Corp to recover more than $10 billion of losses from a “massive fraud” on mortgage debt, deepening the morass of litigation faced by the largest U.S. [...]
(Source: Bloomberg By Edvard Pettersson) – Investors who sued over $351 billion in downgraded Countrywide Financial Corp. mortgage-backed securities after the 2007 subprime market collapse may have to settle for less than 1 percent of what they initially sought.
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