FreedomWide- DEBT CONSOLIDATION, LOWER MONTHLY PAYMENTS, CONSOLIDATE DEBT

The Federal Bureau of Investigation is investigating Countrywide Financial Corp. for possible securities fraud, checking whether the company made misrepresentations about its financial state and the condition of its mortgages in its financial filings, according to news reports over the weekend.

The Wall Street Journal reported that the investigation is in the early stages, and that 15 other subprime mortgage companies are also being looked at. The targets of the securities fraud probes are “mortgage-origination fraud, conflicts of interest and undisclosed relationships within the industry, and the practices used to package mortgage-backed securities…

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Tags: Countrywide, mortgages

This entry was posted on Wednesday, March 12th, 2008 at 7:11 pm and is filed under Mortgage News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.