WASHINGTON — The Obama administration announced Friday a new inquiry to investigate fraud in the mortgage-backed securities market, whose billion-dollar implosion helped trigger the global financial crisis.
WASHINGTON (Reuters) - Bank of America Corp's Countrywide Financial unit agreed on Wednesday to pay a record $335 million to settle civil charges that it discriminated against minority homebuyers, a historic settlement for the Obama administration in the wake of the subprime mortgage morass.
