The federal agency overseeing Fannie Mae and Freddie Mac filed lawsuits against 17 financial institutions in an attempt to recover losses from risky mortgage investments.
The lawsuits were filed against many of the nation's largest Wall Street and financial firms, including Bank of America, Citigroup, Goldman Sachs and JPMorgan Chase.
In the complaints, the Federal Housing Finance Agency contends the institutions misrepresented the quality of the investments' underlying loans.
>+=+=+=+=+=+=+=+=+=+=+=
A bad Credit Score is 600 or below.
Click here to get your 2011 score instantly for $0!
By Experian
http://www.FreeCreditScore.com/CNN
>+=+=+=+=+=+=+=+=+=+=+=
You have opted-in to receive this e-mail from CNN.com. To unsubscribe from Breaking News e-mail alerts, go to: http://cgi.cnn.com/m/clik?l=textbreakingnews
One CNN Center Atlanta, GA 30303
(c) & (r) 2011 Cable News Network
No comments:
Post a Comment