Subprime Probe Launched by FBI

January 30, 2008

With all of the current attention being paid to the subprime-mortgage lending crisis it really comes as little surprise to find 14 Companies on the FBI table for investigation into their lending practices. And while they didn’t directly identify the companies under criminal investigation, the did say they are looking into allegations of fraud in various stages of the mortgage process from companies that bundled the loans into securities to the banks that ended up holding them.

Sounds like good start… and it’s about time! Read more>>