U.S. Sues BofA Over Mortgage Losses

Singapore : Singapore | Oct 24, 2012 at 11:27 AM PDT

Source: Asian Wall Street Journal

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The federal government filed a civil lawsuit against Bank of America Corp., alleging the second-biggest U.S. bank by assets saddled taxpayers with losses by misrepresenting the quality of home loans it sold to mortgage-finance firms Fannie Mae and Freddie Mac. FULL ARTICLE AT Asian Wall Street Journal

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