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Banks Took $6B In Reinsurance Kickbacks, Investigators Say

Thursday, September 8, 2011 - 7:38 AM
Many of the country's largest banks received $6 billion in kickbacks from mortgage insurers over the course of a decade, according to a previously undisclosed investigation by the Inspector General of the Department of Housing and Urban Development.

http://www.americanbanker.com/issues/176_173/mortgage-reinsurance-respa-kickbacks-hud-investigation-doj-1041928-1.html
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ShorebreakShorebreak2,699 posts since
Apr 6, 2010
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