Black Money Business Jobs : Wells Fargo fails to end U.S. mortgage fraud lawsuit

Discussion in 'Black Money Business Jobs' started by Clyde C Coger Jr, Sep 24, 2013.

  1. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    In the Spirit of Business,



    ... They did a bunch of sub-prime loans to blacks Family:facepalm:




    Wells Fargo fails to end U.S. mortgage fraud lawsuit

    [​IMG]
    A Wells Fargo sign is seen outside a banking branch in New York July 13, 2012. REUTERS/Shannon Stapl …

    NEW YORK/WASHINGTON (Reuters) - A federal judge has rejected Wells Fargo & Co's bid to dismiss a U.S. government lawsuit accusing the nation's largest mortgage lender of fraud, a victory for federal investigators pursuing cases tied to the recent housing and financial crises.
    U.S. District Judge Jesse Furman in Manhattan said on Tuesday that the government may pursue its key federal claims that Wells Fargo lied about the quality of mortgages it submitted to a government insurance program, costing hundreds of millions of dollars over roughly a decade.

    suggested reading:
    http://news.yahoo.com/wells-fargo-fails-win-dismissal-u-mortgage-fraud-163110702--sector.html
     
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