Feds sue Bank of America for mortgage fraud against Fannie Mae and Freddie Mac

, The National Law Journal


The Manhattan U.S. attorney's office has announced a civil mortgage fraud lawsuit against Bank of America Corp., accusing the company of defrauding government-backed Fannie Mae and Freddie Mac to the tune of more than $1 billion.

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What's being said

  • Lulaine

    This was a long time coming. This scenario given all the information out there with the banks knowingly using the naivete of AIG and Fannie Mae and Freddie Mac to advance their agendas and sell their bad products. There have been books and news stories about this so it only makes sense that a lawsuit would arise out of that.

  • Gary Piwonka

    Countrywide, taken over by BOA...Bank of America........correction.

  • Gary Piwonka

    Had a Countrywide loan taken over by BOC....no damned wonder could not EVER receive pertinent information regarding my loan.....just phone, call, after phone call after phone call with some clerk that always kicked the can to someone else, who wuuld then kick it on down the road over and over. As I have previously stated, in hindsight, would much have preferred water boarding. Maybe I can sue for intentional infliction of mental distress?

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