U.S. accuses Bank of America of mortgage-backed securities fraud

By David Ingram and Peter Rudegeair

WASHINGTON/NEW YORK (Reuters) - The U.S. government on Tuesday filed two civil lawsuits against Bank of America that accuse the bank of investor fraud in its sale of $850 million of residential mortgage-backed securities.

Bad Credit Mortgage Loans Getting A Mortgage With Bad Credit

Finally, when agreeing terms with a mortgage provider, it is worth choosing the longer repayment term. The reason is that, when seeking home loans with bad credit the terms of the mortgage is not going to be great, with interest rates will be higher. However, the longer term makes the deal more affordable.