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The One Lawsuit from The Mortgage Meltdown

The One Lawsuit from The Mortgage Meltdown

| Oct 06, 2015 | Housing Market

Memories can be short lived. Sure, we all remember the mortgage meltdown of 2008. But do we really remember it? Would it surprise you to learn (or remember, or fail to remember), that one — and only one — executive from a major mortgage lender was found liable in a court of law? Rebecca Mairone, then COO for a division of Countrywide, in 2013 was found liable for misrepresenting the quality of mortgages. But the story is never quite that simple, as reported by Bloomberg Business.

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