Feds Say Countrywide Hawked Bad Loans To Fannie, Freddie
Countrywide in 2007 and 2008 sold nearly 30,000 low quality loans to Freddie and Fannie, providing a short-term revenue boost but leaving the entites saddled with bad debt, lawyer Pierre G. Armand said in opening statements in Manhattan federal court.
Countrywide used a program called High-Speed Swim Lane, known as HSSL...
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