如果沒有BOA在當年接受鄉下寬,那美國經濟危機還不知道會糟成個啥樣子。BOA撿便宜貨,順帶幫樂美國,現在終於到樂要付出代價的時候樂,而且這已經不是第一次。
U.S. sues B of A for mortgage fraud
CHICAGO (MarketWatch) -- The U.S. said Wednesday it has filed a civil lawsuit against Bank of America Corp.
BAC +0.85% for mortgage fraud. The suit, filed by the U.S. attorney for the Southern District of New York, alleges that Countrywide, and later B of A after it acquired Countrywide, sold defective residential mortgage loans to Fannie Mae
FNMA -0.30% and Freddie Mac
FMCC +0.19% that eventually defaulted, resulting in more than $1 billion in "losses and countless foreclosures." The activity is said to have occurred from at least 2007 through 2009. The U.S. attorney said the company cooked up a new loan origination process called the "Hustle," designed to process loans "at high speed and without quality checkpoints."