TOPICS: MORTGAGE FRAUD, FRAUD, BANKS, ERIC HOLDER, HOUSING, LOANS, LENDERS, HOUSING BUBBLE, BANK OF NEW YORK, DEUTSCHE BANK, US BANK, BUSINESS NEWS, POLITICS NEWS, FORECLOSURE
Eric Holder (Credit: AP/J. Scott Applewhite)
Bank of America still in hot water.
By now we know the details of the housing crisis...big banks bought up millions of mortgages, packaged them into securities and sold them mostly to Chinese investors. Ultimately, banks could not demonstrate they owned the notes/loans. Lenders failed to follow statute when it came to transfers of ownership. Record numbers of foreclosures resulted from these usurpations. Banks got caught red handed covering up the fraud with false documentation.
Big banks paid large fines....sanctioned by Federal authorities. Of course the fines paid with the American Publics hard earned money! Still no oversight, go figure.
Bank accounts could be at risk, mortgages are obviously at risk!
Do you have an account or mortgage with Bank of America?
You may be at risk, for more information:
Foreclosure what a Big Myth
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