http://money.cnn.com/2008/03/08/news...ion=2008030810
Quote:
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NEW YORK (CNNMoney.com) -- The FBI has launched an investigation into the lending practices of battered home lender Countrywide Financial Corp. according to a U.S. government official, CNN has learned. The mortgage company is suspected of fraud, the official said, which may have contributed to the subprime mortgage crisis that has rocked the U.S. economy.
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It looks like Bank of America is getting more than they bargained for when they acquired Countrywide ... I remember hearing about that deal and thinking "WTF? Why would they want
Countryside of all lenders?"
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