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US Accuses Bank Of America Of Fraud In Mortgage Bonds

valuewalk.com | May 27, 2014

by Michael Ide

US gov't accuses bank of america of civil fraud in sale of $850m of mortgage bonds in 2008, Washington – the u.s. government has accused bank of america corp. of civil fraud, saying the company failed to disclose risks and mislead investors in its sale of $850 million of mortgage bonds during 2008. the justice department filed a civil suit.

Bank of america liable for countrywide mortgage fraud, About 43 percent of the loans sold to the mortgage giants were materially defective, the government said. bank of america bought countrywide in rarely used law and bring cases against banks accused of fraud. among its attractions, firrea provides.

US accuses bank of america of mortgage-backed securities fraud, The lawsuits are the latest legal headache for the second-largest us the bank of mortgage fraud. weeks later, warren buffett's berkshire hathaway inc swooped in with a $5bn investment to shore up confidence in the bank. since then, bank of america's.


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CFLA was founded by the Nation's Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we're careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea—it's the founding principle, just ask Andrew P. Lehman, J.D.. With convenient locations in Houston and Los Angeles, you can contact Our National Account Specialist and General Manager / Member Damion W. Emholtz at 888-758-2352 for a free Mortgage Fraud Analysis or to obtain samples of work product, including cutting edge Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and for more information about our Nationally Accredited and U.S. Department of Education Approved "Mortgage Securitization Analyst Training Certification" Classes (3 days) 24 hours for approved CLE & MCLE Credit (Now Available Online).

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