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Old 03-09-2008, 04:15 PM
texas*princess texas*princess is offline
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Sub-prime mortage lender being investigated by FBI

http://money.cnn.com/2008/03/08/news...ion=2008030810

Quote:
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.
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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