Relevant:
- US Attorneys General Jump On The Lieborgate Bandwagon; Lawsuits To Follow, And What Happens Next?
- Banks See Home Loans as Gateway to Big Gains
- B of A to Pay Fannie $3.6B to Settle Repurchase Claims
- Bank Of America To Start Offering Principal Reduction Forgiveness On Delinquent Mortgages
- Wall Street Kept Winning on Mortgages Upending Homeowners
2012-07-12 — nakedcapitalism.com
There are at least 900,000 outstanding US home loans indexed to Libor that were originated from 2005 to 2009, the period the key lending gauge may have been rigged, investigators have said. Those mortgages carry an unpaid principal balance of $275bn, according to the Office of the Comptroller of the Currency, a bank regulator...
The number of US home loans in the OCC study represents 3 per cent of mortgages originated from 2005 to 2009.
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