Posts Tagged ‘HUD Inspector General’

$6 Billion in Reinsurance Kickbacks to the Banks – Un-reported, Un-Acted Upon & Un-believable

$6 Billion in Reinsurance Kickbacks to the Banks - Un-reported, Un-Acted Upon & Un-believable

Citigroup Inc, Wells Fargo & Co, SunTrust Bank Inc. and Countrywide allegedly required reinsurance partnerships on generous terms that violated the Real Estate Settlement Procedures Act, a 1974 law prohibiting abusive home sales practices.... (Continue reading)


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