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  • Wells Fargo fails fair lending test due to "discriminatory and illegal" credit practices

    Late last year, as the fallout from the fake account scandal at Wells Fargo was still in full force, rumors began to circulate that the bank could be facing another regulatory smackdown due to reportedly failing to meet its requirements under the Community Reinvestment Act. And Tuesday, the other shoe dropped, as the bank disclosed that it did indeed fail to meet its CRA requirements.

Investments The Ticker

This year will be a great year for mREITs

Annaly Capital seems particularly well-positioned to take off, but recent news doesn't apply just to buyers of Fannie- and Freddie-backed mortgage backed securities like Annaly, Armour Residential, and American Capital Agency.

Without further ado, let's dive right in and see what recent news items bode well for these companies that make investors money by borrowing short and lending long.

Source: The Motley Fool
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