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Home » Store » Enforcement » Lawsuit Against BofA Tied to Stated Income Loans

Lawsuit Against BofA Tied to Stated Income Loans

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Enforcement

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The federal government this week filed a lawsuit against Bank of America regarding stated income mortgages originated by Countrywide Financial’s former subprime unit and sold to the government-sponsored enterprises in 2007 through 2009. The lawsuit is the first of its kind, though some legal analysts question the strength of the claims. U.S. v. BofA was filed by the U.S. Attorney for the Southern District of New York, the Inspector General of the Federal Housing Finance Agency and the Special Inspector General ...
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