The Swindler and the Home Loans - Gretchen Morgenson

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The Swindler and the Home Loans – Gretchen Morgenson

The Swindler and the Home Loans – Gretchen Morgenson

NYT

HOLDING banks accountable for all those disastrous mortgages has been remarkably difficult. But last week, a big bank agreed to pay a price: Bank of America announced that it would part with $8.5 billion to settle claims that its Countrywide Financial unit had packaged garbage loans into investments that were said to be safe.

That is good news for investors, as these things go. But another, lesser-known case now winding its way through the courts may help others recover losses from lenders who dealt in risky mortgages and claimed that they had no duty to their customers.

Continue reading [NEW YORK TIMES]

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2 Responses to “The Swindler and the Home Loans – Gretchen Morgenson”

  1. Addie James says:

    The swindler anchor bank for gave the loan on my property didn’t tell me a investor who was part of the scam still scam me and my grandchildren out of my home of 15 years than went to the city to apply for a vacant bldg license .I have been trying to find a attorney to sue him,

  2. Addie James says:

    Please help ,this investor/ strawbuyer have my life turn up side down I am so far away now I can’t even see my grandchildren l could not find housing in the city ,he rented my house out than sold it ,he is living high in Chicago beauty salon, restaurant, bar three for homes in want to sue this man I work hard for my home.

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