via BBC News US authorities are to sue 17 major banks for losses on mortgage-backed investments that cost taxpayers tens of billions of dollars. The Federal Housing Finance Agency said it was taking action against banks including Goldman Sachs, Barclays, Bank of America, Deutsche Bank, and HSBC. The agency says they misrepresented the quality of […]
The top executives of Fannie Mae and Freddie Mac could get paid as much as $6 million for 2009, despite the companies’ dismal performances this year which cost taxpayers more than $100 billion.
The new Cuyahoga County land bank and Fannie Mae have forged a unique agreement that could be a milestone for a region battered by the foreclosure crisis.
