Lawmakers Looking to Block $12.79 Million Bonuses



Government-controlled mortgage finance firms, Fannie and Freddie, have received around $169 billion of taxpayer’s money in an effort to prop them up, but it was recently revealed the firms were paying just 10 executives around $12.79 million in bonuses. This unwelcome news has prompted lawmakers to look at ways of blocking these hefty bonus packages, […]

Corrupt Mortgage Exec. Lee Farkas Jailed For 30 Years



A man labelled as the mastermind behind one of the biggest ever mortgage lender fraud schemes was jailed for 30 years last week. The case of Lee B. Farkas, who was the chairman of the Taylor, Bean & Whitaker mortgage firm, represents the largest prosecution so far relating to the financial crisis which began in […]

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