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Citigroup Mortgage Insurance Whistleblower: 'I Have No Regrets'
Filed under: Home Loan Insurance
The government accused CitiMortgage of misleading it into insuring thousands of risky home loans that it knew or should have known did not qualify for insurance from the Federal Housing Agency, costing taxpayers nearly $ 200 million in claims.
Read more on Insurance Journal
MBIA says new fraud evidence at BofA's Countrywide
Filed under: Home Loan Insurance
MBIA said it would not have provided the insurance had it known how the loans were underwritten. In the February 15 letter, MBIA asked for "many" documents that "relate to recently-uncovered evidence of widespread mortgage-origination fraud at …
Read more on Reuters
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