Posted on 01/24/2011 2:36:01 PM PST by FromLori
Full title..Fresh Group Of Life Insurance Companies Sue Countrywide Alleging "Massive Fraud" In Mortgage Security Sales
Just another taste of the legal worries that will keep Brian Moynihan's lawyers busy putting out mortgage related fires.
A group of life insurance companies has sued Countrywide alleging massive mortgage fraud.
Here's the list of plaintiffs.
Here's the intro of their complaint:
(Excerpt) Read more at businessinsider.com ...
ping
No wonder ‘Countrywide’ Kent Conrad is going to retire...maybe sooner than he thinks...
Remember friends of Angelo they gave obama and dodd special loans. Scummy place obviously.
Don’t forget...these punks were afraid of ACORN who FORCED them to commit fraud 24/7/365.
Have a friend who wrote McCain and McCain personally spoke to Angelo and got Countrywide to modify my friend’s loan. So Angelo had a lot of friends on both sides of the aisle.
Here’s more...
Insurance Companies Sue Bank Of America Over “Massive Mortgage Fraud”, Find 91% Of Securitized Loans Are Misrepresented
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