FDIC Wins $190M Settlement for Toxic Countrywide Mortgage Bonds
HousingWire, June 2, 2016–Lane, Ben
The ghosts of Countrywide past just struck again, as the Federal Deposit Insurance Corporation announced Thursday that eight major financial institutions will pay $190 million total to settle a series of lawsuits tied to toxic Countrywide mortgage bonds that subsequently led to the failure of five banks during the housing crisis.
