Bank of America agreed to pay a $335 million settlement Wednesday over allegations of racial bias in home mortgage lending involving Countrywide Mortgage, which the bank bought in 2008. Jeffrey Brown discusses the investigation and settlement with Illinois Attorney General…
The Securities and Exchange Commission has filed civil fraud charges against Angelo Mozilo, head of the Countrywide Financial mortgage firm, for misleading investors about the company's lending practices. Analysts assess the case's impact.
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