Arab Today, arab today fdic sues banks over mortgage securities
Last Updated : GMT 23:03:36
Arab Today, arab today
Arab Today, arab today

FDIC sues banks over mortgage securities

Arab Today, arab today

Arab Today, arab today FDIC sues banks over mortgage securities

New York - UPI

Federal regulators sued 11 major banks for allegedly swindling Colonial Bank by selling the Alabama lender $388 million in mortgage-backed securities. The defendants, including Wells Fargo, Citigroup and J.P. Morgan Chase, were accused by the Federal Deposit Insurance Corp. of making misleading statements about the strength of the mortgage borrowers and property appraisals. Colonial Bank went under in 2009, a collapse that will cost the FDIC an estimated $2.8 billion. It was the largest since Washington Mutual the previous year. The Wall Street Journal said the FDIC suit filed in Manhattan was similar to a suit filed last fall by the Federal Housing Finance Agency, the agency that oversees the Fannie Mae and Freddie Mac, over the purchases of $196 billion in mortgage securities in 2005-2008. Most of the banks sued by the FDIC denied immediate comment, although Wells Fargo said the charges were \"entirely without merit\" and would be contested in court.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today fdic sues banks over mortgage securities Arab Today, arab today fdic sues banks over mortgage securities

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today fdic sues banks over mortgage securities Arab Today, arab today fdic sues banks over mortgage securities

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday