Here’s a round up of breaking stories today:
- The federal regulator overseeing Fannie Mae and Freddie Mac hired a law firm specializing in litigation as the agency considers how to move forward with efforts to recoup billions of dollars on soured mortgage-backed securities purchased from banks and Wall Street firms
- Bank of America Corp. and its Countrywide Home Loans unit were accused of racketeering in a lawsuit filed by two Indiana residents claiming that perjured affidavits were used to foreclose on their home.
- Judge In New York, Dismisses WACHOVIA BANK Foreclosure Attempt with Prejudice. No Right to Foreclose – No Note or Debt – Lacks Standing to Foreclose
- FBI is in the initial stages of trying to determine whether the financial industry may have broken criminal laws in the mortgage foreclosure crisis