Mortgage Fraud Lawsuits Fail To Deter Bank Cheating

Ben Hallman, Huffington Post Even in the movie version of the financial crisis, the giant mortgage company accused by the U.S. government of rampant fraud and abuse wouldn’t be so obvious as to nickname its mortgage lending program “the Hustle.” The real-life Countrywide Financial, however, was not known for its subtlety. In 2007, as the […]

U.S. adds muscle to financial fraud investigations

Aruna Viswanatha, Reuters An Obama administration task force probing misconduct that fueled the financial crisis is increasing its ranks, adding five financial analysts and 10 new federal prosecutors spread across the country, according to a senior Justice Department official. The increased staffing reflects a new push by the administration to aggressively pursue cases against firms […]

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