Tag: Fannie Mae and Freddie Mac

U.S. sues Bank of America over “Hustle” mortgage fraud

The United States filed a fraud lawsuit against Bank of America Corp, accusing it of causing taxpayers more than $1 billion of losses by selling thousands of toxic mortgage loans to Fannie Mae and Freddie Mac. Wednesday’s case, originally brought by a whistleblower, is the U.S. Department of Justice’s first […]