US Sues Deutsche Bank for Mortgage Fraud

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By Kevin Fayle on May 04, 2011 11:06 AM

The United States has filed a civil lawsuit against Deutsche Bank and MortgageIT alleging that the entities lied to enter into a government insurance program for mortgages. The suit also claims that the companies recklessly selected mortgages without considering whether the borrowers could make the mortgage payments. US Sues Deutsche Bank for Mortgage Fraud