Fannie, Freddie and the False Claims Act

The federal government's lawsuit against Bank of America Corp., alleging that its Countrywide Financial Corp. unit misrepresented the quality of home loans they sold to mortgage-finance firms Fannie Mae and Freddie Mac, is a new take on an old law.

Source: http://blogs.wsj.com/law/2012/10/29/fannie-freddie-and-the-false-claims-act/?mod=WSJBlog

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