Thursday 25 October 2012

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U.S. sues BofA over alleged mortgage fraud

The United States filed a civil mortgage fraud lawsuit against Bank of America, accusing it of selling thousands of toxic home loans that later defaulted to Fannie Mae and Freddie Mac, leading to more than $1 billion of losses.

Source: http://www.msnbc.msn.com/id/3036697/vp/49525847#49525847

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