bought Countrywide in a deal approved …Federal grand jury investigating Countrywide, IndyMac, New Century Los Angeles TimesSources point to possible fraud Baltimore SunBusiness Briefing Seattle Post Intelligencerall 31 news articles Click Here to learn more about Mortgag Report: US grand jury investigating subprime mortgage lendersThe Canadian Press, LOS ANGELES - 19 minutes agoCalifornia, Illinois and the city of San Diego are suing the company over its lending practices. Bank of America Corp. FHA is the Federal Housing Administration. As part of the U.S. Department of Housing and Urban Development (HUD), one of the chief purposes of the FHA is to help people obtain financing for their homes.