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Federal officials are widening their probe into mortgage lenders to include potential violations...

Federal officials are widening their probe into mortgage lenders to include potential violations of FHA program rules. If violations are discovered, banks could be forced to help cover some of FHA's losses. Sources say subpoenas were recently issued to lenders including MetLife (MET), SunTrust (STI) and U.S. Bancorp (USB).
Comments (2)
  • It seems that the banks have not learned their lesson about handing out dodgy mortgages. I would have thought after the whole sub prime mortgage crisis they would be more responsible
    7 Jun 2012, 08:37 AM Reply Like
  • Not clear what the time window is here. Is this more harassment of banks for mortgage issues prior to the financial crisis?
    7 Jun 2012, 09:30 PM Reply Like
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