08.06.2012 - Probe widens into mortgage lenders

Federal officials are broadening their investigations of mortgage lenders that use a popular federally backed mortgage program, a move that could force more banks to pick up some of the rising tab for losses at the Federal Housing Administration. U.S. attorneys already have reached settlements with four banks, Bank of America Corp., Deutsche Bank AG, Citigroup Inc.and Flagstar Bancorp Inc., recouping $1 billion for the FHA...............................................Full Article: Source

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