Mortgage-backed Securities, Fraud | featured news

(Image from article: "Ex-Taylor, Bean chairman gets 30 years in prison")

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Ex-Taylor, Bean chairman gets 30 years in prison

Taylor, Bean and Whitaker Mortgage Corp's former chairman, convicted of masterminding a $2.9 billion fraud scheme before the company collapsed, was sentenced on Thursday to 30 years in prison.

BofA's Countrywide sued, accused of massive fraud

Bank of America Corp's Countrywide mortgage unit has been sued by investors claiming they were victimized in a "massive fraud" when they bought mortgage-backed securities.

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