Obama: “Subprime lending immoral, not illegal” http://ow.ly/6PE2P Today the president took a question from a  reporter who asked him why his administration had failed to file suit or enforcement action against corporate leaders for the 2008 financial crisis that ultimately led to numerous bank, insurance, …

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The complaint was filed on behalf of homeowners who pursued mortgage loan modifications with SunTrust and alleges that Defendants violated consumer protection laws and breached contracts and other duties by, among other things:Taking advantage of mortgagors’ defaults;Promising modification and forbearance, soliciting modification applications, and representing that certain written materials are part of the modification process; …