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Mortgage probe could lead to action soon

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NEW YORK (CNNMoney) — A joint federal and state probe into mortgage-backed securities fraud is close to “significant action,” with a possible announcement in coming weeks or months, according to a source familiar with the probe.

Despite last week’s announcement that the Department of Justice was closing a criminal investigation into Goldman Sachs (GS, Fortune 500)’ role in the financial crisis, members of a mortgage probe convened by the president say they’re still investigating big banks that packaged and sold bad mortgages in the years leading up to the financial crisis.  Read more

Posted by on August 15, 2012. Filed under Americas,Economics,United States. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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