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Australian Lenders Abandon Reverse Mortgages, Government May Prepare Entry – Echoing decisions among several large U.S. banks that decided to exit the reverse mortgage business in recent years, a number of banks in Australia are now doing the same, including the nation’s.
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Jury: BofA liable for Countrywide mortgage fraud – Bank of America acquired Countrywide in July 2008. The decision following a month-long trial focused on evidence that the Countrywide program processed mortgage applications. U.S. Attorney Preet.
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