FBI Investigates 14 Subprime Mortgage Companies

Posted by Kathleen Couch at 1/30/2008 12:13 PM and is filed under news
     This is the breaking news.  The FBI is investigating 14 subprime mortgage companies on the allegations that they gave loans to people who they knew were not qualified to be able to pay the mortgage on time.  Also being investigated are the big investors who bought the loans in bundles with other loans.  The report did not give any names so far, but said they have been investigating some companies for four years.  Let's watch to see what becomes of this part of the mess.

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