Wednesday, October 24, 2012

US Sues Bank of America Over Bad Loans

The US Attorney's office alleged in a statement on Wednesday that Countrywide - the mortgage giant now owned by Bank of America - labelled defective mortgages as high-quality and sold them to state-controlled mortgage lenders Fannie Mae and Freddie Mac, resulting in billions of dollars of losses.

This is the first civil fraud suit brought by the Department of Justice concerning mortgage loans sold to Fannie Mae or Freddie Mac.

See the full story at

For additional information to ideas like the one above, simply enter your name and email address below for timely real estate investing tips, information and cutting-edge marketing strategies to help you become a better investor. You'll receive your FREE real estate investing newsletter. Learn two dozen investor mistakes to avoid. Most importantly, we'll notify you about the up and coming Knoxville investment club meeting.


Anonymous said...

Thanks for this post. After growing up in Knoxville for some years, I spent some time in Carlton OR. Investment property there is pretty difficult to acquire and the market is worse because of how strict they are. Thanks for the information here.

David Beals said...

Making money real estate investing is both an art and a science but there are repetitive techniques that will help achieve this with regularity.
real estate agents seven hills

Roderick Parker said...

I thought it was going to be some boring old post, but it really compensated for my time. I will post a link to this page on my blog. I am sure my visitors will find that very useful

Selling Real Estate Agent Seven hills

spencer shawn said...

My buddy and I are looking into Nautilus for investment properties in Sacramento. I think that this is a great chance for us to make a big break.

Darcy Webb said...

Investment properties really do seem like a great way to go. I can see a lot of people doing this to supplement their retirements. It seems like a fantastic idea to me.

dev smith said...

i also want to take loan form bank up to 1 lack so pls suggest me from which bank should i take this.
Investment Properties

Post a Comment