Marketplace Morning Report for Thursday, October 25, 2012
Federal prosecutors in New York are accusing Bank of America of defrauding the government by rushing home loans through the approval process, then selling them to Fannie Mae and Freddie Mac. A new report from the U.S. Census Bureau shows that multi-generational living is on the rise. In 2010, 4.4 percent of U.S. households had three or more generations living under one roof.
Federal prosecutors in New York are accusing Bank of America of defrauding the government by rushing home loans through the approval process, then selling them to Fannie Mae and Freddie Mac. A new report from the U.S. Census Bureau shows that multi-generational living is on the rise. In 2010, 4.4 percent of U.S. households had three or more generations living under one roof.