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Banks Took $6B in Reinsurance Kickbacks, Investigators Say

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At www.americanbanker.com

Many of the country's largest banks received $6 billion in kickbacks from mortgage insurers over the course of a decade, according to a previously undisclosed investigation by the Inspector General of the Department of Housing and Urban Development.

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At www.americanbanker.com


 

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"Some of the deals were designed to return a 400% ... by Rixar13 on Saturday, Sep 10, 2011 at 2:34:58 PM
"Some of the deals were designed to return a 400% ... by Rixar13 on Saturday, Sep 10, 2011 at 2:39:02 PM