-
Regulators Reach Mortgage Settlement with banks, Fannie Mae and Bank of America Corp (NYSE:BAC) Resolve Mortgage Issues
Most recently a mortgage settlement has been reached by regulators with nearly 10 US banks for 8.5 billion US dollars. The agreement appeared on Monday by the nation’s worthwhile lenders since the financial crisis. The US banks settled to cough up about 19 billion US dollars to resolve federal allegations of mortgage misdeeds. Bank of…
-
Scandal to Cost US Mortgage Agencies USD $3B
Internal government documents have shed light on the manipulation of the global interest rate referred to as the Libor in a scandal ensnaring several large banks is now believed to have caused a USD $3 billion to mortgage finance giants Fannie Mae and Freddie Mac. US, UK and Swiss authorities have alleged a vast conspiracy…